SUMMARY INFO

Use this subtask to view a summary of the invoice amounts on a current and cumulative basis. Information about the contract value/ceiling and the unallocated value is also provided. All items on this subtask are non-editable, unless your main screen selection for retainage type is TOTAL, in which case you can edit the Previous Retainage and Less Retainage fields.

Project

This field displays the project ID from the main screen. The field to the right displays the project name from the main screen.

Customer

This field displays the customer ID from the main screen. The field to the right displays the customer name from the main screen.

Invoice

This field displays the company-wide invoice number from the main screen.

Invoice Totals

This group box displays invoice information in both your company's functional currency and the billing currency.

Total Contract Value/Ceiling

This field displays the sum of the Value Modifications entered for this project in the Modifications screen (Projects » Project Setup » Controls). This field will not be populated if ceilings do not exist in the Project Total Ceilings screen (Projects » Project Setup » Project Ceilings).

Scheduled Value Entered

This field displays the sum of the Scheduled Value column on the main screen.

Percent Complete

This field is the result of dividing the Total Billable field by the Scheduled Value Entered field.

Total Billable

This field displays the sum of the Amount Billable column on the main screen. Note that this amount does not include miscellaneous charges, sales tax/VAT, or retainage.

Less Previous Amounts Billed

This field displays the sum of the Previous Amt Billed column on the main screen.

Current Amount Due

This field displays the sum of the Current Amt Due column on the main screen.

Less Retainage

The retainage percentage is derived from the Project Billing Info screen (Projects » Billing » Billing Master or Projects » Project Setup » Revenue Setup). The retainage amount comes from one of three places.

  1. When retainage is computed at the total invoice level, it is the result of multiplying the Current Amount Due field by the retainage percentage.

  2. When retainage is computed at the line item level, it is the sum of the Current Retainage Due line items from the main screen.

  3. You can edit this field if you have selected TOTAL as the project's Retainage type on the main screen.

Tax Amount

This field displays the sales or value added tax calculated in the Miscellaneous Charges subtask.

Other Charges

This field displays the miscellaneous charges entered in the Miscellaneous Charges subtask.

Total Amount Due

This field is the sum of the Current Amount Due, Sales Tax/VAT, and Other Charges fields with retainage subtracted.

Unallocated Value

This field is the result of subtracting the Scheduled Value Entered field from the Total Contract Value/Ceiling field.

Exchange Rate

Billing to Functional

This field displays the exchange rate used for the invoice displayed.

Previous Retainage

This field is derived from the ITD Retainage field from the previous invoice for this project. When you post the bill, the ITD Retainage becomes the Previous Retainage. This field can be edited. Retainage amounts are displayed in the billing currency.

ITD Retainage

This field is the result of summing the Current Retainage amount and the Previous Retainage amount fields. Retainage amounts are displayed in the billing currency.