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Project Invoice Withholding or Retainage Management

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Almighty Consulting Solutions Pvt. Ltd.
Supported Editions
Community Enterprise
Supported Hosting
Odoo.sh Cloud On Premise App can not be used on odoo online.

Invoice Withholding management for Projects or Retainage Management

Retainage is a portion of the agreed upon contract price deliberately withheld until the work is substantially complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project.
In default odoo there is no way to manage Retainage on project invoicing so to manage such use case we have added this module.

Configure Invoice Withholding Product and percentage

Which will be used to create withholding lines on invoice.

handling project invoice

If we have to deduct Withholding amount we can add withholding line by single click.

It will add withholding line with configured amount.

once line is added it can be edited manually also.

When invoice will be validated Withholding line will be created automatically.

Withholding lines list view

Withholding lines form view

Withholding line link of partner form view

Option to create Withholdings Payment Invoice from Partner

On click of invoice withholding from partner and project this popup will open where we can create invoice for selected lines

Withholding Payment Invoice

Once payment is created lines state will be changed

Options to create Invoice of all withholding lines of project

Link to directly check project related withholding lines.

Other Configuration

To use this module no technical knowledge is required even no configuration is needed. Just install module and functionality is ready to use. For more customization and help contactus.

Almighty Consulting Solutions Pvt. Ltd.

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Please feel free to contact for any suggestion, issue & queries

www.almightycs.com