SEVODOC

Milestones, advance and retention · €12500.00 · 0% · 8 · 15% · +1

Inspect how advances, work stages and retention change cash received in each period. €12500.00 · 0% · 8 · 15% · +1

This task at a glance

Initial example result
What to clarifyExample or option on this page
Total agreed price€12500.00
Advance€0.00
Total retained until release€1875.00

Initial example inputs: Initial amount, EUR: 12500.00; Advance from price, %: 0; Number of work stages: 8; Retention on work after advance, %: 15; Periods after completion until release: 1

Change the example inputs

Total agreed price€12 500.00
Advance€0.00
Total retained until release€1 875.00

Advance + Stage work value = €12500.00

€12500.00 × 15% → €1875.00

Checkable payment schedule
PeriodStage work valueRetained / releasedCash paymentCumulative paidRemaining balance
0€0.00€0.00€0.00€0.00€12 500.00
1€1 562.50€234.37€1 328.13€1 328.13€11 171.87
2€1 562.50€234.37€1 328.13€2 656.26€9 843.74
3€1 562.50€234.37€1 328.13€3 984.39€8 515.61
4€1 562.50€234.37€1 328.13€5 312.52€7 187.48
5€1 562.50€234.37€1 328.13€6 640.65€5 859.35
6€1 562.50€234.37€1 328.13€7 968.78€4 531.22
7€1 562.50€234.37€1 328.13€9 296.91€3 203.09
8€1 562.50€234.41€1 328.09€10 625.00€1 875.00
9€0.00-€1 875.00€1 875.00€12 500.00€0.00

The calculation is a local example. This action saves no customer document and makes no payment.

Example assumptions and limits

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Common questions

What can I verify in this example?

Inspect how advances, work stages and retention change cash received in each period. €12500.00 · 0% · 8 · 15% · +1

Which assumptions should I change for my transaction?

Retention is an assumed contractual percentage of work after the advance. The release row assumes agreed conditions are met; it is not evidence of an actual release.

Will opening a template produce an approved document?

Hypothetical calculation. It does not save a document, prove payment or post a journal entry.