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How does Procore calculate the 'Current Payment Due' amount on an invoice?

Answer

When preparing an invoice in one of Procore's Project Financials tools, the 'Application for Payment' associated with the invoice shows the 'Current Amount Due' for the billing period. Procore calculates the value in Line '8. Current Payment Due' by subtracting the amount in Line 7. 'Less Previous Certificates for Payment' from Line 6. 'Total Earned Less Retainage.'

Contractor's Application for Payment

When viewing an upstream invoice for a client contract, funding, or prime contract, the invoice includes the 'Contractor's Application for Payment' shown below. 

Example

In the 'Contactor's Application for Payment' below, the 'Current Amount Due' is calculated as follows:

Line 6 minus Line 7 equals Line 8

 $35,421.00 - $7,740.00 = $27,681.30

 

prime-current-payment-due.png

Subcontractor's Application for Payment

When viewing a downstream invoice for a commitment, the invoice includes a 'Summary Preview' that includes the 'Subcontractor's Application for Payment' shown below. 

Example

In the 'Subcontractor's Application for Payment' below, the 'Current Amount Due' is calculated as follows:

Line 6 minus Line 7 equals Line 8

 $28,130.00 - $26,339.00 = $1,791.00

commitments-current-payment-due.png

See Also