Example:
An invoice dated March 29 in the amount of
....................................................................................................................................................
$1000.00
Received April 1 by PFI and an 80% advance is made to you
...................................................................................................................................................................
$800.00
Reserve
.....................................................................................................................................................................................................................
$200.00
Full settlement received May 1. Predetermined per diem of .14% x 30 days = 4.2%
....................................................................................
$42.00
Balance to Vendor
.................................................................................................................................................................................................
$158.00

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