SEVODOC

Milestones, advance and retention · €25000.00 · 0% · 12 · 5% · +3

Inspect how advances, work stages and retention change cash received in each period. €25000.00 · 0% · 12 · 5% · +3

This task at a glance

Initial example result
What to clarifyExample or option on this page
Total agreed price€25000.00
Advance€0.00
Total retained until release€1250.00

Initial example inputs: Initial amount, EUR: 25000.00; Advance from price, %: 0; Number of work stages: 12; Retention on work after advance, %: 5; Periods after completion until release: 3

Change the example inputs

Total agreed price€25 000.00
Advance€0.00
Total retained until release€1 250.00

Advance + Stage work value = €25000.00

€25000.00 × 5% → €1250.00

Checkable payment schedule
PeriodStage work valueRetained / releasedCash paymentCumulative paidRemaining balance
0€0.00€0.00€0.00€0.00€25 000.00
1€2 083.33€104.16€1 979.17€1 979.17€23 020.83
2€2 083.33€104.16€1 979.17€3 958.34€21 041.66
3€2 083.33€104.16€1 979.17€5 937.51€19 062.49
4€2 083.33€104.16€1 979.17€7 916.68€17 083.32
5€2 083.33€104.16€1 979.17€9 895.85€15 104.15
6€2 083.33€104.16€1 979.17€11 875.02€13 124.98
7€2 083.33€104.16€1 979.17€13 854.19€11 145.81
8€2 083.33€104.16€1 979.17€15 833.36€9 166.64
9€2 083.33€104.16€1 979.17€17 812.53€7 187.47
10€2 083.33€104.16€1 979.17€19 791.70€5 208.30
11€2 083.33€104.16€1 979.17€21 770.87€3 229.13
12€2 083.37€104.24€1 979.13€23 750.00€1 250.00
15€0.00-€1 250.00€1 250.00€25 000.00€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. €25000.00 · 0% · 12 · 5% · +3

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.