Creating Partial Payments
As a Main Contractor, you can use the Edit Payment Status page to create partial BACS payments to Subcontractors. A partial BACS payment can be made after the Payment Application is approved.
Note: The Partial Payments feature must be added by a Textura Administrator. Contact your Textura implementation team if you think you need to use this feature.
Tips
- A partial payment cannot be made if the payment is on hold.
- A subsequent period can be partially disbursed even if a previous period was only partially disbursed.
Note: All earlier periods must be fully disbursed for a subsequent period to be fully disbursed.
- A Subcontractor's VAT Invoice will not reflect partial payment. Only one VAT Invoice for the full amount is generated. It is released after the final payment of the approved VAT invoice amount.
- If the project requires disbursement authorisation:
- Payment authorisation and a signed VAT Invoice for the approved Payment Application amount are required prior to disbursing the first partial payment.
- Payment authorisation is required for each subsequent partial payment.
- Navigate to the Edit Payment Status Page
- Choose the Manage Payments link under Payment/VAT Invoices section of the Period Home Page.
See Manage Period Payments. - Choose the Edit link under the Edit column on the Manage Period Payments page.
- Choose the Manage Payments link under Payment/VAT Invoices section of the Period Home Page.
- In the Partial Payments section, enter the following:
- In the Comment field, enter a description or reason for the partial payment. Only other users in your organisation will see the Comment on the Edit Payment Status page.
- In the Total Payment field, enter an amount you would like to pay the Subcontractor.
Note: If your organisation has set to calculate partial payment VAT to Pro Rata, you can enter the payment amount and the system calculates the VAT that should apply to the payment amount. The Total Amount is the sum of Payment Amount and VAT Amount. For more information on the setting (Partial Payments have Tax applied) that controls this, see topic Edit Main Contractor Primary Organisation. When paying payment application balance, ensure that you have paid all the remaining VAT amount.
- Select the Add button to complete the payment.
Note: Once created, the partial payment cannot be modified. If you need to make changes, delete the partial payment and create a new one.
Last Published Wednesday, July 10, 2024