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.
Configuration & Customization
Designed for Odoo ease-of-use, this module requires zero technical knowledge to deploy. Simply install it and the functionality is ready to use. Our dedicated technical team is available for advanced customization to match your specific requirements.