Below are the notable chnages to the project's Payment applications tool in 2022.
Payment application Management: Bulk Editing & Grouping Options for billing (15/11/2022)
For participants in the Beta experience for subcontractor payment applications, Procore is pleased to announce new bulk editing and grouping options on the Bill of Quantities (BOQ). Updating payment applications can be time consuming, especially when working with BOQs. With this update, users can now group BOQ line items as needed. We've also added the 'Work Completed This Period (%)' and 'Total Completed Stored to Date (%)' fields to the BOQ's Edit panel. This lets users bulk bill by entering percent values and applying the update to any selected line items. To learn more, see Payment application Management: Bulk Editing & Grouping Options for Billing.
Renamed Columns in the Admin & Collaborator Views for Subcontractor Payment applications (31/08/2022)
In response to popular feedback received from Procore's Payment application Management clients, Procore has renamed the Bill of Quantities column headings in the Admin & Collaborator views of the modernised subcontractor payment application experience. Columns headings now match the fields in the subcontractor payment application PDF. This makes it easier for users to correlate the data they enter on screen and with the data appearing on the payment application PDF. Note: This update does not change the column names in the legacy subcontractor payment application experience. To learn more see this Feature Update.
Updated the Proposed Amount & Total Proposed Amount Columns (29/08/2022)
Procore has updated the 'Proposed Amount' column for users creating subcontractor invoices. On a new invoice, the 'Proposed Amount' column now calculates the sum of the values entered in the 'Work Progress' and 'New Materials' columns. Users can change the calculated value in the 'Proposed Amount' column when editing a subcontractor invoice. In addition, the value calculated for the 'Total Proposed Amount' column header now shows the sum of the values in the 'Proposed Amount' columns. See Create a Subcontractor Invoice on Behalf of an Invoice Contact, Create a Subcontractor Invoice for the Release of Retainage, and Submit a New Invoice as an Invoice Contact.
New Custom Fields & Configurable Fieldsets for Subcontractor Payment applications (14/07/2022)
Procore has added the ability to create custom fields in the Company level Admin tool for the Project level Payment applications tool. The new custom fields function like other custom fields in Procore. They can also be included in reports created with the Company and Project level Reports tools. To learn more see, Admin: Custom & Configurable Fieldsets for Subcontractor Payment applications.
Financial Management: New Admin & Collaborator Views for Subcontractor Payment applications (23/03/2022)
On March 23, 2022, the redesigned subcontractor invoice beta experience was turned ON in all project's using the Commitments and Invoicing tools. To give users time to preview the design changes, Procore is providing users with the option to switch between the beta and legacy experience until February 2023. After February 2023, the ability exit out of the beta experience will be removed and the legacy experience will no longer be available in Procore. To learn more about each experience, see Financial Management: New Admin & Collaborator Views for Subcontractor Invoicing.
UPDATED THE BEHAVIOUR OF THE INVOICE# FIELD FOR SUBCONTRACTOR INVOICE(11/02/2022)
When creating or editing a subcontractor invoice, users have the option to enter a value in the Invoice # field. Users can continue to leave this field blank. However, if you choose to enter a value in this field, Procore now requires the value to be unique to each invoice on a commitment. To learn more, see Create a Subcontractor Invoice on Behalf of an Invoice Contact and Submit a New Invoice as an Invoice Contact.