Creating Partial Payments
As a General Contractor, you can use the Edit Payment Status page to create partial ACH payments to Subcontractors. A partial ACH payment can be made after the invoice is approved. Project Managers, Compliance Managers, Authorizers, or Disbursers can create partial payments.
Notes: 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.
- Once a partial payment is disbursed, the invoice cannot be modified or rejected.
- A subsequent draw can be partially disbursed even if a previous draw was only partially disbursed.
Note: All earlier draws must be fully disbursed for a subsequent draw to be fully disbursed.
- A Subcontractor's lien waiver will not reflect partial payment. Only one lien waiver for the full amount is generated. It is released after the final payment of the approved invoice amount.
- If the project requires disbursement authorization:
- Payment authorization and a signed lien waiver for the approved invoice amount are required prior to disbursing the first partial payment
- Payment authorization is required for each subsequent partial payment.
- Navigate to the Edit Payment Status Page
To access the Edit Payment Status page:
- From the Payment/Lien Waivers section of the Draw Home Page page, choose the Manage Payments link.
- From the Edit column on the Manage Draw Payments page, choose the Edit link.
- From 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 organization will see the Comment on the Edit Payment Status screen
- In the Total Payment field, enter an amount you would like to pay the Subcontractor.
Note: If tax is enabled on your project, you have a choice of how tax is allocated to partial payments. For more information on the setting (Partial Payments have Tax applied) that controls this, see the My Organization Settings topic. You may be asked to enter the Payment Amount and the system will calculate the Tax Amount on a pro rata basis.
- Choose 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