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Create a Payment Schedule

 Note
flag-australia.png This tutorial discusses a feature that is available to Procore customers in Australia and New Zealand. 

Objective

To create a payment schedule that contains subcontractor claimed amounts, approved amounts, and reasons for the difference between claimed and approved amounts.

Background

In Australia and New Zealand, a payment schedule is a legal notice is served on a claimant in response to a claim for payment. Construction businesses operating in Australia and New Zealand are create payment schedules to facilitate the invoice approval process,  as well as claims of work performed by subcontractors.

In a typical payment schedule workflow, subcontractors submit an invoice for work performed. The general contractor will review the invoice and either approve or reject the amounts that the subcontractor is claiming for work performed. When a payment schedule is created from the invoice, the amounts claimed, amounts approved, and reasons for rejected amounts will be noted on the payment schedule form.

Things to Consider

  • Required User Permissions:
    • 'Admin' level permissions on the project Commitments tool.
  • Requirements:
    • The 'Enable Subcontractor Proposed Amounts' setting must be enabled in the Commitment tool. See Configure Settings: Commitments.
    • For amounts to appear on the payment schedule, subcontractors must enter amounts in the 'Work Completed This Period' and 'Materials Presently Stored' columns on the subcontractor invoice. See Submit an Invoice as a Subcontractor.
  • Additional Information:

Prerequisites

Steps

  1. Navigate to the project's Commitments tool.
  2. Click the Summary or Detailed tab.
  3. Locate the commitment associated with the subcontractor invoice. Then click View.
  4. Select the Invoices tab.
  5. Perform one of the following steps:
    • Click the PDF icon icon-pdf.png on the far right side of the most recent line item.
      OR
    • Click View next to the most recent line item, and then on the Invoices screen, select PDF from the Export drop-down list.
      Example
      The illustrations below shows the 'Application and Certificate for Payment.' The first page provides a summary and the second page provides line item detail.  
      payment-schedule-doc-summary.png
      payment-schedule-doc-detail.png

 

If you would like to learn more about Procore’s commitments software and how it can help your business, please visit our construction financials tool product page here.