Progress payments, deposits and retentions

SYSPRO's Projects and Contracts module enables you to record a deposit from your customer on acceptance of your quotation for project work, as well as the method and schedule of billings for the project invoicing. Additionally, you can record an amount or percentage of the contract value that will be withheld by your customer for a prescribed retention period, enabling you to define the terms of your customer's final payment, as well as the timing of final invoicing on a project.