Costpoint Online Help

Using the Help Search
Using the Help Search
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Costpoint Accounts Receivable

Use the information in this section to set up progress payment bills in Accounts Receivable.

Maintain A/R History

On the Manage Accounts Receivable History screen, enter a summary record for each type of invoice, Progress Payment or Delivery, for all invoices in which the Balance Due amount is zero. Then enter a record for each individual invoice that has a Balance Due amount greater than zero. These are the invoices for which your company still carries an open receivable amount and that may appear on the A/R Aging Report. Ensure that you have the correct Invoice Type for each invoice, Progress Payment or Delivery. The calculation programs rely on these types in the calculation process.

For Progress Payment invoice types, enter each open invoice as you would for non-1443 invoices. The Delivery Amount, Liquidation Amount, Liquidation Taken, and Liquidation Account fields are not used by progress payments. You should complete the Unliquidated Account field to track which account recorded the unliquidated amount.

For Delivery invoice types, complete the Delivery Amount with the shipment value or value of the finished good. The Liquidation Amount contains the value that was used to "net" the Delivery Amount down to the Invoice Amount. The Liquidation Taken field should always represent the amount of the liquidation when the cash is received. It should differ from the Liquidation Amount only when the payment of an invoice has been adjusted by the contract officer to reflect a liquidation amount different from the one invoiced. The Liquidation Account field tracks the account used to record the liquidation amount.