Purpose: The purpose of this exercise is to show you the required data that is used in the exercises below.
For creating an application for payment see the general exercise for Creating an Application For Payment
Purpose: The purpose of these exercises is to show you how to enter valuation values for different items on an application for payment after work has been valuated as well as approving an application for payment.
Windows:
Application for Payment
Applications for Payment
Open the Application For Payment window and query for the application you created in the above exercise.
Select the Item Valuation tab. Observe that all the lines and item lines with their valuations up to the last application that was created will be displayed. Note that only the items in the same currency as the Application for Payment currency will be shown.
For each line item that needs to be valuated, modify or enter a value in the Valuation Value field in the items table. Note that the value is cumulative and that it should be set based on the valuation method. When adding stored material values, the stored material should not exist as a separate line item.
Note: You can choose other valuation methods such as Quantity and Fixed Value. If valuation method is Progress, then valuation Value should be given as a percentage