Does SupaJack Construct track advance payment recovery?
Yes. The advance invoice is recorded against the contract, each payment certificate deducts the recovery at the contract's percentage, and the outstanding advance is the advance less the sum of recoveries, calculated from the records rather than kept as a running total. VAT on each certificate is charged on the certified value less the recovery.
On this page
Why calculated, not stored
A stored balance can drift when a certificate is revised. Calculating it from the advance invoice and the certificates means the figure always agrees with the documents.
Guarantees
Advance payment guarantees are recorded with their expiry, so the team can see when a guarantee can be reduced or must be extended as the advance is recovered.
Same formula as the calculator
The advance recovery calculator on this site applies the same recovery and is checked against the system's result for the same inputs.
Related tools and guides
See payroll and WPS, time and attendance, interim payments, finance and VAT, approvals, the construction ERP overview, the buyer's guide and the answer on scheduling, BIM and safety.
Worked example
A contractor receives a AED 1,000,000 advance, recovered at 10% of each certificate. After certificates of AED 2,000,000, AED 3,000,000 and AED 2,500,000, AED 750,000 has been recovered and AED 250,000 is outstanding.
Questions people ask
Is the balance stored?
No. It is calculated from the records.
Does VAT allow for the recovery?
Yes, VAT is charged on the certified value less the advance recovered.
Are guarantees tracked?
Yes, with their expiry dates.