SEVODOC

Milestones, advance and retention · €40000.00 · 30% · 12 · 0% · +0

Inspect how advances, work stages and retention change cash received in each period. €40000.00 · 30% · 12 · 0% · +0

This task at a glance

Initial example result
What to clarifyExample or option on this page
Total agreed price€40000.00
Advance€12000.00
Total retained until release€0.00

Initial example inputs: Initial amount, EUR: 40000.00; Advance from price, %: 30; Number of work stages: 12; Retention on work after advance, %: 0; Periods after completion until release: 0

Change the example inputs

Total agreed price€40 000.00
Advance€12 000.00
Total retained until release€0.00

Advance + Stage work value = €40000.00

€28000.00 × 0% → €0.00

Checkable payment schedule
PeriodStage work valueRetained / releasedCash paymentCumulative paidRemaining balance
0€0.00€0.00€12 000.00€12 000.00€28 000.00
1€2 333.33€0.00€2 333.33€14 333.33€25 666.67
2€2 333.33€0.00€2 333.33€16 666.66€23 333.34
3€2 333.33€0.00€2 333.33€18 999.99€21 000.01
4€2 333.33€0.00€2 333.33€21 333.32€18 666.68
5€2 333.33€0.00€2 333.33€23 666.65€16 333.35
6€2 333.33€0.00€2 333.33€25 999.98€14 000.02
7€2 333.33€0.00€2 333.33€28 333.31€11 666.69
8€2 333.33€0.00€2 333.33€30 666.64€9 333.36
9€2 333.33€0.00€2 333.33€32 999.97€7 000.03
10€2 333.33€0.00€2 333.33€35 333.30€4 666.70
11€2 333.33€0.00€2 333.33€37 666.63€2 333.37
12€2 333.37€0.00€2 333.37€40 000.00€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. €40000.00 · 30% · 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.