SEVODOC

Milestones, advance and retention · €20000.00 · 20% · 12 · 0% · +0

Inspect how advances, work stages and retention change cash received in each period. €20000.00 · 20% · 12 · 0% · +0

This task at a glance

Initial example result
What to clarifyExample or option on this page
Total agreed price€20000.00
Advance€4000.00
Total retained until release€0.00

Initial example inputs: Initial amount, EUR: 20000.00; Advance from price, %: 20; Number of work stages: 12; Retention on work after advance, %: 0; Periods after completion until release: 0

Change the example inputs

Total agreed price€20 000.00
Advance€4 000.00
Total retained until release€0.00

Advance + Stage work value = €20000.00

€16000.00 × 0% → €0.00

Checkable payment schedule
PeriodStage work valueRetained / releasedCash paymentCumulative paidRemaining balance
0€0.00€0.00€4 000.00€4 000.00€16 000.00
1€1 333.33€0.00€1 333.33€5 333.33€14 666.67
2€1 333.33€0.00€1 333.33€6 666.66€13 333.34
3€1 333.33€0.00€1 333.33€7 999.99€12 000.01
4€1 333.33€0.00€1 333.33€9 333.32€10 666.68
5€1 333.33€0.00€1 333.33€10 666.65€9 333.35
6€1 333.33€0.00€1 333.33€11 999.98€8 000.02
7€1 333.33€0.00€1 333.33€13 333.31€6 666.69
8€1 333.33€0.00€1 333.33€14 666.64€5 333.36
9€1 333.33€0.00€1 333.33€15 999.97€4 000.03
10€1 333.33€0.00€1 333.33€17 333.30€2 666.70
11€1 333.33€0.00€1 333.33€18 666.63€1 333.37
12€1 333.37€0.00€1 333.37€20 000.00€0.00

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

Example assumptions and limits

Continue in the actual tool

Common questions

What can I verify in this example?

Inspect how advances, work stages and retention change cash received in each period. €20000.00 · 20% · 12 · 0% · +0

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.