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Progress payment schedule with retention monies for a job

edited Mar 21, 2024 4:07PM in Ask A Guru 6 comments

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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