Milestones, advance and retention · €20000.00 · 30% · 3 · 5% · +1
Inspect how advances, work stages and retention change cash received in each period. €20000.00 · 30% · 3 · 5% · +1
This task at a glance
| What to clarify | Example or option on this page |
|---|---|
| Total agreed price | €20000.00 |
| Advance | €6000.00 |
| Total retained until release | €700.00 |
Initial example inputs: Initial amount, EUR: 20000.00; Advance from price, %: 30; Number of work stages: 3; Retention on work after advance, %: 5; Periods after completion until release: 1
Example assumptions and limits
- Hypothetical calculation. It does not save a document, prove payment or post a journal entry.
- Calculated in whole cents; division remainders stay in the final payment.
- Entered amounts are assumptions. This cashflow plan does not separately calculate VAT, other taxes or additional charges.
- Periods are sequence numbers, not agreed payment dates.
- 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.
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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. €20000.00 · 30% · 3 · 5% · +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.