Setup
The settings needed for creating unposted invoices, correct modalities, and deduction templates for use with COSMO Advance Payment for Construction are described in this section.
Advance Payment Setup
In the Advance Payment Setup page, turn off the Direct Posting toggle to ensure that unposted invoices are created from the Advance Payment Plan and Construction Invoice Plan.
Modalities
Advance Payment requests using the Advance Payment Plan in COSMO Advance Payment for Construction can be processed with or without modalities. If the advance payment request uses cumulative invoicing, you can only use modalities set as Type = Absolute with a Value = 0.
Deduction Templates
Deduction templates for down payments and final invoices are used when processing advance payments in the Construction Invoice Plan:
- Down Payment with at least a row with Totaling Type = Minus Net Amount (is reduced with previously invoiced advance payment requests).
- Final Invoice with only deduction amounts (is not reduced with previously invoiced/paid advance payment requests).
For more information, see Deductions.
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