Hello Gurus
We have a scenario in which we receive down payment from our customer and then deduct on every work done . Here is the scenario
20% Down payment 60% produced elements 20%Erected Elements
Total Contract value is 100,000
Now I received 20% down payment from my customer which is 20,000.
Total Value of Work done Current amount
60,000 20,000
DP 20% (12000) DP 20% (4000)
Total = 48000 Total = 16000
On every work done i have to deduct 20% which we received from the customer in the form of down payment and on every invoice we have to deduct this amount. Now i don't know how to map this scenario . Instead of deducting from total contract we have to deduct on the basis of work done until down payment consumed otherwise return back the remaining amount to customer.
I am looking forward for your help . Thanks and regards