Progress Payment Invoice
Progress Payment is the price paid to the contractor for the amount of work done, at intervals specified in the contract, for the project whose contract has been signed and implementation has started.
Path: ERP > Sales-Distribution > Invoice > Sales Invoice
What to Pay Attention to?
- In the Transaction category If "Accounting Transaction" is not checked, the warning "No Accounting Transaction is Performed for the Transaction You Selected!" will appear in the accounting transactions.
- If the invoice amount is 0, transactions with a 0 amount will not make accounting transactions, even if "Accounting Transaction" is selected in the transaction category selected for the invoice.
- It is "Return Invoice" in a visible place on the invoice. The phrase should be included. If it is e-Invoice, the invoice type should be "Return".
- The correct product must be selected. Otherwise, category sales cannot be reported.
- Seller must be selected. Otherwise, seller performances cannot be monitored.
- Payment Method must be entered. Otherwise, payment performances cannot be monitored.
- The second currencies of the lines must be entered, otherwise a report cannot be received according to the transaction currencies.
From the "Operation Type" section on the Sales Invoice new record screens, "Progress Payment Invoice" is selected and the transaction is recorded after filling in the other necessary information.
How are the accounting records of the progress payment invoice created?
Productions/works etc. carried out by the contractor on the given Progress Invoice. In return, the money he deserves is followed up. 120 Current account will be debited and 170 Construction and Repair Costs Account over Years and 391 Calculated VAT accounts will be credited.
The sales invoice will record debit, VAT and credit for the product. If the project is selected, it will receive the accounting code from the project detail, not the product detail.
Invoices create accounting vouchers according to the criteria selected in the transaction category and the criteria selected in the document.
If the cash receipt box is checked in the invoice and the cash register is selected, a collection voucher will be created in addition to the resulting offset voucher.