Add Subcontract Invoice Wizard - Unit Price
Initiate Add Sub Invoice Wizard
- Click the 'Projects' icon on the left menu.
- Select the Project.
- On the Projects menu under Procurement, select Sub invoices.
- Click the 'Actions' button on the far right.
- Click 'Add Manually' option from the drop-down menu.
Add Sub Invoice Wizard - Step 1
- In the data entry form, the Project # should be selected already but can be changed.
- Select the Prime Contract Information:
- Required: Prime Contract #
- Optional: CO # or WO # Reference
- Optional: Prime Contract Contact (ex. Project Manager)
- Required: Prime Contract Address Type (Typically, this is Company Billing Address.)
- Select the Subcontract Information:
- Required: Subcontract #
- Optional: Subcontract Contact
- Required: Sub Address Type (Typically, this is Company Billing Address.)
- Select or enter the Subcontract Invoice Information:
- Required: Order # (This will determine previous invoice amounts.)
- Required: Invoice # (This is the invoice number on the actual vendor's bill.)
- Required: Issue Date
- Optional: Terms (Selecting a Term should auto calculate Payment Due Date depending on the text format.)
- Optional: Payment Due Date
- Required: Billable Status (This is only applicable for cost plust Prime Contracts where expenses are imported into a Prime Invoice.)
- Billable: Expense can be imported into Prime Contract Invoice.
- Unbillable: Expense cannot be imported into Prime Contract Invoice.
- On Hold: Unclear at this time if expense can be passed on to the customer.
- Optional: Approved (Checked = Approved, Unchecked = Pending (Default), Recommendation: Leave the Approved field unchecked until the Sub Invoice has been completed.)
- Required: Work Retainage % (10% = 10, Default percentage can be set in the Subcontract.)
- Click 'Save and Next'
Optional: Add Sub Invoice Wizard - Step 2 - Unbilled Subcontract Unit Price Items
- Navigate to an item and enter a value in the 'Current Quantity' cell.
Note: Total invoiced quantity (previous + current) can be greater than esimated project quantity. - Repeat step above for other Unit Price Items that are being billed this period.
- Click the 'Save and Next' button shown below the grid.
Optional: Add Sub Invoice Wizard - Step 3 - Unbilled Subcontract Change Orders (SCO)
- Navigate to an item and enter a value in the 'Current Quantity' cell.
Note: Total invoiced quantity (previous + current) can be greater than esimated project quantity. - Repeat step above for other SCOs that are being billed this period.
- Click the 'Save and Next' button shown below the grid.
Important Things To Know:
- Approved SCOs are not available for import unless the SCO's Issue and Status Date is less than the Sub Invoice's Issue Date.
Optional: Add Sub Invoice Wizard - Step 4 - Release Retainage Held (aka Billed Retainage)
- Navigate to the Job Cost Code and enter a value in 'Work Release Amount'. The value entered must be less than or equal to the retainage amount (ex previous + current).
- Optional: Select Tax Code (In the US, this is typically blank but for other countries a tax code may apply.)
- Repeat step above for other Job Cost Codes where retainage/holdback is being released.
- Click the 'Save and Next' button shown below the grid.