How to Create a Payment Milestone in Eano Pro

With Eano Pro, you can set up payment milestones to ensure smooth transactions and project management. Follow this step-by-step guide to create a payment milestone in Eano Pro.

Why Use Payment Milestones?

Payment milestones help streamline project payments by dividing them into manageable phases. This approach ensures financial transparency, prevents disputes, and provides a structured payment schedule for both contractors and clients.

Step 1: Log into Eano Pro

Open the Eano Pro app or website and sign in with your account credentials.

Step 2: Create a New Milestone Template

Once logged in, go to the "Resource" section, and click on Create a New template.

Step 3: Enter Milestone Details

• Milestone Name: Provide a clear name for the milestone (e.g., "Initial Deposit").

• Amount: Enter the payment amount or the percentage for this milestone.

• Duration: Set a duration for each milestone.

After this, you can set this template as the default, ensuring it is automatically generated for each project.

Step 4:  Apply the Milestone Template to the Project

• Navigate to the Project section on the left-side menu.
• Select the desired project.
• Click on Payment Milestone.
• Select a payment milestone from the available templates.
• Choose the one you created and save.

Best Practices for Payment Milestones

• Set Clear Expectations: Define each milestone clearly to avoid miscommunication.

• Align with Project Phases: Ensure each milestone aligns with critical project stages.

• Use Reminders: Set automatic reminders for upcoming payments.

• Maintain Transparency: Share payment status with clients to build trust.

Conclusion

Setting up payment milestones in Eano Pro helps streamline project finances and ensures transparency. Follow these steps and best practices to manage your payments efficiently!

Watch video: https://www.youtube.com/watch?v=7ydASp-TyFI