Progress payment records and completed works of the projects are recorded by using New button in the Progress Payments browser. The following information is entered in this window.
Slip No | Slip number is the tracking number of the progress payment slip in system. This is an alphanumeric field. Slips are listed by number. Slip No is a mandatory field. |
Slip Date | This field refers to the date when the operation is performed. It is a mandatory field. Slips are also listed by date. |
Description | This is description or name of the progress payment slip. |
Progress Payment No | Progress payment number is the tracking number of the record in system. This is a mandatory field. |
Progress Payment Date | This is the date of progress payment operation. It is a mandatory field. |
Progress Payment Type | Progress payment type is entered in this field. The options are Project, Subcontractor and Sales Contract. If progress payment calculation is performed over the Projects browser, this field will be inactive. |
Progress Payment VAT Rate | It is the VAT rate that will be used in progress payment calculations. |
Project Code / Description | This is project code and description of the progress payment calculation. Project Code and Description fields become active when Progress Payment Type is set to Project. Both fields open Projects browser so you can select the related Project. Project Code and Description are assigned automatically if progress payment calculation is being performed over the Projects browser. |
Contract No / Description | This is contract number and description of the progress payment. Contract Number and Description fields become active when Progress Payment Type is set to Subcontractor. Both fields open Purchase Contracts browser so you can select the related contract. When Progress Payment Type is set to Project, you cannot enter data in these fields. The related project's contract information is assigned automatically if progress payment is being calculated over the Projects browser. Contract will be a Sales or Purchase Contract depending on the type of the project. |
Contract TC Type | This field shows transaction currency type of the contract in progress payment slip that is related to a Contract. Contract TC Type is assigned automatically over the Purchase Contract when Progress Payment Type is Subcontractor. |
Contract TC Exchange Rate | This field shows TC exchange rate value of the contract in progress payment slip that is related to a Contract. Contract TC Exchange Rate is assigned automatically over the Purchase Contract when Progress Payment Type is Subcontractor. |