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How do I enter a credit invoice in Portfolio Financials?

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 Note
This information is intended for accounts with Portfolio Financials product in Procore. Please reach out to your Procore point of contact for more information. 

Answer

There are two methods for submitting a credit invoice in Portfolio Financials:

  • Option 1: If the credit is for an item that has previously been invoiced against, you can enter a percentage progress that is less than its previous percentage.
    Note: In the example image below, 80% was previously invoiced for Schematic Design. Entering 60% on the subsequent invoice resulted in the appropriate negative value.

    credit-invoice.png
     
  • Option 2: If you submit a negative (deduct) change order for the amount of the credit, you will be able to invoice against it after it is approved.
    Note: This will always result in a negative value.

    credit-invoice-deduct-co.png