How to manage and invoice holdback on contracts

Information

Holdback can only be managed in Fixed Price contracts

If your client is going to holdback a portion of your contracts to be paid out at the end of the job, Knowify can help manage this. You can start by entering the holdback % at the top of your contract screen:

 

Once the contract is active, this percent will automatically be withheld from the invoices on this contract:

When the contract has been completely billed, you'll be able to invoice the amount that has been held back:

And it will create an invoice for the total value that has been withheld: