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How to make construction contract invoice with retention amount

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@AceCPAsBookkeeping
 TLDR: Contractor invoices include retention and advance amounts, which are deducted to determine the net amount due to the contractor after completion of the construction and warranty period br br00:00 💡 Contractor invoices include retention amounts, which are a portion of the contract value kept by the contractee br00:55 💰 The retention amount is paid to the contractor after the completion of the construction and warranty period br01:52 💼 Contractor invoices for completed work, deducting retention and performance bond amounts, with the balance due from the contracting company br03:25 💰 The invoice includes retention and performance bond amounts, subtracting previous payments to determine the amount due to the contractor br04:27 💰 The contractor receives two payments totaling 19 million, with 10 percent retention for the final invoice, and the first invoice is nine percent of the total contract value br05:40 💰 Deduct 5 retention and 30 advance payment from the total value to calculate the amount paid to the contractor, with the remaining due being $276,000 br07:01 💡 The final invoice for the construction contract includes retention and advance amounts, with the contractor receiving the remaining balance after completion of the warranty and construction period br08:29 💡 The contractor invoice preparation involves deducting retention and advance amounts to determine the net amount due to the contractor
Comment from : @AceCPAsBookkeeping


@amiramogahed6230
 Thank you very much, really it’s soo good god bless you
Comment from : @amiramogahed6230


@saifurrehman8506
 can you pl make a video upon these invoices journal entries and posting to ledgers as well
Comment from : @saifurrehman8506


@pehlibarishakhrishair7685
 Thanks for sharing
Comment from : @pehlibarishakhrishair7685


@lintamuhammadali5157
 Hmmmm nice
Comment from : @lintamuhammadali5157

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