Monitoring Application for Payment Progress—Exercises

Main Exercises

Purpose: The purpose of this exercise is to explain how to view the progress of an application in relation to invoices, payments and valuations.

Windows:
Application for Payment
 Payments Matched with Contracts
Application Line Items
Invoices on Applications

Information on Application for Payment

Note: You should have a contract with applications created. To view payment information, the application should have an invoice that has been paid and matched. 

  1. Open the Application for Payment window and query for your contract.
  2. All the applications connected to your contract will be listed.

Summery Tab: Displays information regarding your application in terms of how an invoice value is calculated. The value created from the current application as well as the value up to the last application can be viewed in comparison.

Payment Tab: Displays information on all the payments matched with this application. Payments that are connected to a contract but not matched with an application will not be displayed here. Right-click and select Payment Details for more information on a payment.

Invoice Tab: Credit and debit invoices created for this application can be viewed in this tab. Right-click and select Project invoice or Customer Invoice Details for more information on the selected invoice.

Overview Payments Matched with Contracts

  1. Open the Payments Matched with Contracts window.

  2. Payments that are matched with contracts can be viewed here. It displays the matched amount and the remaining amount of each payment.

Queries

  1. The Application Line Items window is used to display application line items. You can query based on the application, contract, customer and company.

  2. The Invoices on Applications window displays invoices connected to each application. You can query based on application, contract, customer and company.