Prior to creating a Progress Claim, the listing must exist in Zenu Trust. Refer to chapter "Working with Sales Files" and "Create a New Sale in Zenu Trust"
Once the sale is created, select "Project" to commence setting up each stage
In this example, four stages will be set up
Select the % for each stage along with the progress claim due date
Four stages have been set up
Ensure the commission split / agents share is correct
To create the invoice for stage one, select Progress Claim
Stage 1 of 4, 25% Progress Claim of Total Commission will be processed
$17,325.00 will be paid to "Us" for Stage 1
Select Process
The Progress Claim statement will be generated for Stage 1
The figures have now updated
A sale invoice has been created
And an auto receipt generated
The payment amount of $17,325.00 will appear on the bank reconciliation
Leaving a trust balance of $62,675.00
To process additional stages when due, follow the same process
Stage 2 of 4
Stage 3 of 4
Figures have updated as each stage is saved
To view additional details on each stage, select Project Schedule
Relevant dates are displayed
Notes can also be added to each stage
Select Transaction Inquiry to view individual invoices and receipts
Processing the final stage will complete the Account Sale.
In this example, a surplus of $10,700.00 has been released to the Vendor
Now that ALL four stages have been claimed, the sale can be completed
Reversing a Progress Claim
To reverse the most recent stage of the Project Schedule, select Undo Progress Claim
Any transactions for the Progress Claim will be deleted
If additional stages require a reversal, continue the same process
Please note if transactions were created in a prior month, they cannot be deleted
