Phase Completion
Overview:
Leveraging completed tasks in SchedulePro to release payment on non-excluded phases of construction.
Schedule Pro tasks should be completed by Project manager when work is 100% complete
Non-Excluded phases are defined in UCS (by corporate) and will block a deposit date for a posted invoice without a completed task in schedule pro.
The 30 day (or different if negotiated) payment terms start upon the latter date of
- Invoice receipt date (based on weekly Friday cutoff)
- SchedulePro task completion date
Phase Completions will be sent from SchedulePro to UCS once per day. The Open Invoices screen on the Vendor record will be updated with a PhAct Status of “OPEN” or “COMPLETE”. Invoices with an “OPEN” status will not have a Deposit Date. Invoices that have phases that are in the exclusion list will not have a status.
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