We have a purchase order for a large amount of work, for $300,000. It was entered as one line item, then sent to the vendor. Part of the work is completed and we received an invoice for $30,000. There will obviously be more payments to be made. What is the best way to handle this?
In hindsight, it would have been better to break it down into several stages with several line items. Since we didn't do that, is there a way around it?
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