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.
General Configuration
Configure Invoice Withholding Product and percentage. Which will be used to create witholiding lines on invoice.
Invoice Form View
When handling project invoice if we have to deduct Withholding amount we can add withholding line by single clik. 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.
Witholding lines form view and tree view.
Partner Form view: Withholding line link of partner & Option to create Witholdings Payment Invoice from Partner
Withholding Payment Wizard
On click of invoice withholding from partner and project this popup will open where we can create invoice for selected lines.
Withholding Payment Invoice
Withholding Lines
Once payment is created lines state will be changed.
Project Form view.
Options to create Invoice of all witholding lines of project. Link to directly check project related withholding lines.
Invoice Withholing
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.
Project Invoice Withholding or Retainage Managementin odoo
Deduct Withholding amount on invoice and pay it back once project get completed