You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Partially applied Prepayments not reflecting under Project Commitments

Received Response


Partially applied Prepayments not reflecting the unliquidated amount under Project Commitments.

Lets say there is a prepayment invoice booked on a project for an amount of 9,043,138.90 USD

There were two standard invoices created and the above prepayment invoice was applied to them as shown below:

Invoice1: for the amount of 4,372,951.90 USD

Invoice2: for the amount of 2,070,116.8 USD

So, for the project, the advance still pending is 9,043,138.90 - 4,372,951.90 - 2,070,116.8 = 2,600,070.2 USD.

However, there's no line being shown for the project under Manage Committed costs for the remaining unliquidated amount.

Is this the standard behavior ? Our understanding is that the balance of pre-payment available will still be shown as a Project Commitment.

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!