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How do I enter a credit progress claim in Portfolio Financials?

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 Note
This information is intended for accounts with Portfolio Financials product in Procore. Please reach out to your Procore point of contact for more information. 

Answer

There are two methods for submitting a credit progress claim in Portfolio Financials:

  • Option 1: If the credit is for an item that has previously been progress claimd against, you can enter a percentage progress that is less than its previous percentage.
    Note: In the example image below, 80% was previously progress claimd for Schematic Design. Entering 60% on the subsequent progress claim resulted in the appropriate negative value.

    credit-invoice.png
     
  • Option 2: If you submit a negative (deduct) variation for the amount of the credit, you will be able to progress claim against it after it is approved.
    Note: This will always result in a negative value.

    credit-invoice-deduct-co.png