I am a contractor I do federal government contracts. We progress invoice each month. On our G703 we have several line items (3pages) during the progress invoicing, some line items we over paid and now our final is due and I dont know how to adjust the over paid line items to balance to 100% complete on each line item overpaid to show the correct balance due. There is no retainage.
Hi Ranae, I believe this article will help you correct the over payment line items.
Please let me know if I can help you with anything further.