Wiki Detay | wiki workcube

Progress Payments; It refers to the prices paid for the work done at intervals specified in the contract and the efforts spent for projects that continue life activities, for which a contract has been signed.

Path: ERP > Sales-Distribution > Agreements-Conditions > Progress Payment

Progress Payment Record Screen

Progress Payment Registration On the screen, you will be presented with date range, current account, project, branch, contract and calculation type filters.

Date Range: It refers to the date range of the transaction to be subject to progress payment.

Current Account: It refers to the current account of the transaction that will be subject to progress payment.

Project: It refers to the project that will be subject to progress payment.

Branch: The branch of the transaction that will be subject to progress payment is selected.

Contract:If progress payment is made. If it is subject to an agreement/contract condition, that agreement is selected.

Calculation Type: It indicates the calculation type according to which the transaction to be subject to progress payment will be made. These include the options "By Time Expenditures", "By Contract Milestones", "By Production Results", "By Promotion-Sales", "By Action Rebate Sales" and "By Action Rebate Purchases".

With these filters, the restrictions of the transactions to be made are determined. When the "Calculate" button is clicked,progress payment records are listed in accordance with theselections made.

Attention: In the example below, "Calculation" Type: Based on Time Expenditures" has been determined, and in addition, the project selection for which the progress payment will be subject to has been provided.

HIn order to list the records with the calculate button, the relevant project team must be determined and the buying and selling prices of the employees in the project team must be entered.

Attention:If the progress payment is to be calculated based on an agreement condition; An agreement record is entered depending on the project for which progress payment calculation will be made.

Multiple restrictions may be applied to this agreement detail, such as current account, start and end date, project, calculation method, contract amount, withholding tax, withholding, discount rate, guarantee rate, advance rate and stamp duty rate.

Type: For more detailed information, you can review our help document called "Agreements".

Note: Selection is made through line-based checkboxes for the progress payment records listed on the "According to Time Expenses" box on the progress payment record screen. The "time spent" here comes from the time expenditure record associated with the project. "Hour/wage" comes from project detail > project team > employee sales price. The "total amount" is obtained by multiplying the time spent and the hour/fee.

Note 2: The agreement conditions on the "Calculation Result" box are listed in accordance with the restrictions determined in the agreement detail.

Note 3: In the "Calculation" box under "Calculation Result", the relevant document date, document type/transaction category, number of transactions in accordance with the selection made, gross progress payment amount, withholding, withholding tax and "net progress payment" are displayed as default.

Document Number, The recording user and Description are entered and the "Save" button is clicked .

Progress Payment Update Screen

Redirection to the "Progress Payment" update screen after registration

Attention: In the Calculation Result box; "Gross Progress Payment" is calculated as Time Spent x Hour/Wage within the scope of the project. In other words, the total amounts selected in the lines constitute the gross progress payment. "Withholding" is found by Withholding % x Gross Progress Payment / 100. "Withholding Tax" is found with Withholding Tax % x Gross Progress Payment / 100. "Net Progress Payment" is calculated by using Gross Progress Payment - (Withholding + Withholding Tax).

Clicking on the "Project" button in the tab menu will direct you to the project detail related to the progress payment.

When the "Agreement" button is clicked, you will be directed to the agreement detail related to the progress payment.

Clicking the "Detail" button will direct you to the "Progress Payment Report" screen. An explanation can be entered via the editor in the Progress Payment Report details. If any, relevant documents regarding progress payment details are added and the project team is displayed via the Progress Payment Commission box.

Invoice and Receipt Record in Progress Payments: If the "Add Invoice" button is clicked for progress payments, the "Sales Invoice: New Record" screen appears. routing takes place. The default transaction type is "Issued Progress Invoice".

The product lines selected in the project team detail are automatically included in the Sales Invoice basket structure and the bottom total is calculated based on the "Total with VAT" in the Progress Payment detail.

If the "Add Receipt" button is clicked, you will be directed to the "Add Receipt: New Record" screen. The default transaction type is "Debit Memo". The total is calculated based on the "Net Progress Payment" amount in the Progress Payment detail.

Progress Payment Listing Screen

On the progress payment listing screen, according to the standard keyword, document number, progress payment type and invoice status; Under the "More" filter button, filtering can be done according to project, current account, registered user and transaction date restrictions.

On this screen, summary information about progress payments can be accessed through the Sequence, Document No, Date, Type, Calculation Type, Current Account, Project, Invoice No, Amount, Amount Including VAT and Currency columns.

Note: Green invoice det. on the invoiced progress payment lines listing screen. It is listed with the icon. Via the pencil icon, you can go to the update screen of the relevant progress payment on a row basis.

If an invoice has been issued for progress payment, the button appears as "Invoice Issued" on the update screen, and if a receipt for progress payment has been added, the button appears as "Update Receipt" on the update screen.

Progress Payment XML Settings

3 separate XML rules can be set for progress payments.

If; "Should the Contract Be Mandatory?" If the option is marked as "No", the "Calculation Result" box cannot be displayed on the Progress Payment registration screen.

Attention: Project-related time expenditures and progress payments can be reported on the Total Time Expenditure Report screen with the filtering options of annual, last month and this month as a period. The employee's progress payments are viewed and calculated.

Go to the Collective Time Expenditure Report Card screen via PMS > Project Management > Project Management > Collective Time Expenditure Report Card. to go.

Tips

Record was not found

Feedback

Did you find this content helpful?

Please Write Your Feedback!

Name*

Last Name*

Email *

About Workcube Objects

Progress payments

It refers to the prices paid for the work and efforts carried out at intervals specified in the contract for projects whose contracts have been signed and which continue their life activities. A progress invoice may be issued based on the progress payments.

Type: WBO Version: Catalsyt v4 Licence: Standard Author: Workcube Core