Progress Payments VS Auto Pay in Homebuilder
What is the difference between Progress Payments and Auto Pay in the Homebuilder module and when should each be used?
<A>Progress Payments:
The Progress Payments program is designed to create Accounts Payable Vouchers
for Contracts and Purchase Orders. All A/P Detail is related to a specific line item on a contract via the contract number, contract type, change order number, and line number. This is used for contracts that require more flexibility than the Auto Voucher program provides. This will allow processing of partial payments and changes in retainage, payment terms, and other changes.
Auto Voucher:The Auto Voucher program (P445028) was designed specifically for contracts that are paid in full with all of the payment information from the contract. This program is unique to the Homebuilder Management system. When you create a bid contract, you can specify a value for the purge code (e.g., E eligible for Auto Voucher). This will allow you to select the contract lines to pay.