Progress Payment Requests

In Infor LN 10.4, you can define progress payments for a contract. The amount that can be invoiced to the customer is based on the progress of the project or the contract and the percentage of the payment is agreed based on the terms of the contract. These progress payments are based on the cost even though the contract is based on a fixed price. The progress payments must be settled against the installment or delivery based invoices. Progress Billing terms can also be negotiated in a US Government contracting environment.

For more information, refer to Using progress payment requests.