Billing
Milestones, invoices and revenue recognition. October billed JMD 12,400,000 + 8,600,000 + 6,800,000 + 3,400,000 = JMD 31,200,000. GCT at 15% on the Portmore invoice is JMD 1,290,000 and is not inside that ex-tax total.
Billed This MonthJMD 31,200,000
Ex-tax
Unbilled WIPJMD 18,700,000
8,200,000 + 6,500,000 + 4,000,000
Retainage HeldJMD 4,100,000
1,100,000 + 1,600,000 + 1,400,000
Upcoming Milestones
Next 30 days
| Milestone | Project | Client | Amount | Due | Status |
|---|---|---|---|---|---|
| M4 | Atlas Migration | Northwind Traders | $210,000 | Jul 28 (overdue) | Blocked |
| M3 | Beacon Upgrade | Acme Industrial | $140,000 | Aug 10 | Blocked |
| M2 | Helios Rollout | Bluepeak Energy | $320,000 | Aug 15 | Ready to Bill |
| M5 | Vanguard Analytics | Umbra Health Group | $96,000 | Aug 21 | Ready to Bill |
| M1 | Cascade Integration | Initech Solutions | $84,000 | Invoiced Aug 1 | Invoiced |
| M6 | Meridian Refit | Internal | $120,000 | Aug 28 | Ready to Bill |
No records match this filter.
Billing plans
| Plan ID | Project | Customer | Basis | Contract Value | Billed to Date | Next Billing | Status |
|---|---|---|---|---|---|---|---|
| PLN-14 | PRJ-14 | Parish Works Trust | Percentage-of-Completion | JMD 20,000,000 | JMD 8,000,000 | 15 Nov 2026 | Active |
| PLN-18 | PRJ-18 | Portmore Estates Association | Time and Materials | JMD 18,000,000 | JMD 9,200,000 | 31 Oct 2026 | Active |
| PLN-22 | PRJ-22 | Seiretsu Jamaica | Fixed-Price Milestone | JMD 24,000,000 | JMD 14,000,000 | 20 Oct 2026 | Active |
No records match this filter.
October invoices
The four amounts sum to JMD 31,200,000. Retainage on the three named invoices sums to JMD 4,100,000.
0 selected
| Invoice No. | Project | Customer | Basis | Period | Amount | Retainage Withheld | Status | |
|---|---|---|---|---|---|---|---|---|
| INV-P14 | PRJ-14 | Parish Works Trust | Percentage-of-Completion | Oct 2026 | JMD 12,400,000 | JMD 1,100,000 | Sent | |
| INV-P18 | PRJ-18 | Portmore Estates Association | Time and Materials | Oct 2026 | JMD 8,600,000 | JMD 1,600,000 | Approved | |
| INV-P22 | PRJ-22 | Seiretsu Jamaica | Fixed-Price Milestone | Oct 2026 | JMD 6,800,000 | JMD 1,400,000 | Paid | |
| INV-P30 | Other projects | Book remainder | Cost-Plus | Oct 2026 | JMD 3,400,000 | JMD 0 | Draft |
No records match this filter.
WIP ageing
Each row’s buckets sum to its WIP. The three WIP amounts sum to JMD 18,700,000.
| Project | WIP | 0–30 | 31–60 | 61–90 | Over 90 | Oldest | Status |
|---|---|---|---|---|---|---|---|
| PRJ-14 | JMD 8,200,000 | JMD 4,000,000 | JMD 2,400,000 | JMD 1,200,000 | JMD 600,000 | 96 | Open |
| PRJ-18 | JMD 6,500,000 | JMD 3,100,000 | JMD 2,000,000 | JMD 900,000 | JMD 500,000 | 74 | Open |
| PRJ-22 | JMD 4,000,000 | JMD 1,500,000 | JMD 1,200,000 | JMD 800,000 | JMD 500,000 | 88 | Open |
No records match this filter.
Write-off requests
| Request ID | Project | Amount | Reason | Requested By | Approval |
|---|---|---|---|---|---|
| WO-014 | PRJ-18 | JMD 180,000 | Abandoned drop | MB Marcia Bennett | Pending |
No records match this filter.
Billed and recognised amounts are separately correct
Billed against recognised
PRJ-14 matched work is JMD 14,000,000 billed and recognised. The milestone portion is JMD 8,000,000 billed and JMD 4,400,000 recognised. Together billed JMD 22,000,000, recognised JMD 18,400,000, difference JMD 3,600,000.
| Project | Billed | Recognised | Difference | Position |
|---|---|---|---|---|
| PRJ-14 | JMD 22,000,000 | JMD 18,400,000 | JMD 3,600,000 | Contract Liability |
| PRJ-18 | JMD 9,200,000 | JMD 12,400,000 | JMD 3,200,000 | Unbilled Revenue |
No records match this filter.
Fixed-price example on PRJ-14
Billed at the milestone. Recognised by completion.
Milestone billedJMD 8,000,000
Recognised at 22% of JMD 20,000,000JMD 4,400,000
Contract liabilityJMD 3,600,000
Revenue Recognition keeps the recognition engine. Accounts Receivable keeps the open items.
Completion22%
RecognisedJMD 4,400,000
TechnicianJMD 4,000 / hour
SplicerJMD 4,500 / hour
Milestone 3JMD 6,800,000 on 20 Oct 2026
Retainage5% held, released at acceptance