Page 26 - Unanet AE: Introduction to Project Management

Field Descriptions

Billing Terms
• Term Type - Billing (Payment) terms of this project. This is a user defined field
and is informational only. The Term Type list is managed under Administration
> List Management > Billing Terms.
• Net Days - Number of days added to the invoice date (Sales Journal) to calculate
the due date (Sales Journal).

Remit-To-Address
• Office - Company office, set up at Administration > Global Settings > Offices
tab, where payments should be sent. Appears on system invoice designs as the
Remit to Address.
• Attention - Attention line for remit to address. Appears on system invoice designs
as the Attention item.

Retainage
A portion of the agreed upon contract that is deliberately withheld until the work is
substantially complete to assure that the client will satisfy its obligations and complete a
construction project.
• Max - Maximum amount of retainage to be withheld.
• Percentage - Percentage of labor revenue to withhold as retainage.

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