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Progress payment schedule with retention monies for a job
One of our customer has a progress payment schedule for a job with 5 stages.
At each of the first 4 stages, there is a retention monies of 10%.
The retention monies will be returned at the end of the job which is stage 5.
Please advise how to create the progress invoice for each of the 4 stages and how to record the payment of the full retention monies at the end of the job.
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