How to Create an Allowance in Clearstory as a Specialty Contractor

Table of Contents

1. How to Create an Allowance

2. Add to an allowance while creating a detailed COR

   1. Add to an allowance from the COR Log

   2. Adding a COR to an Allowance

   3. Add Allowance Draws to Change Order Requests (CORs) in Bulk

3. Overdrawing an Allowance

4. How to Add an Allowance Credit

   1. Moving Balances From One Allowance To Another

5. How to Export the Allowance Log

How to Create an Allowance in Clearstory

1. Navigate to the allowance log on the left hand tool bar.

2. Select the project you would like to add an allowance to.
   

3. In the top right corner, select + Create
4. Select Customer
   1. Note: You will have the ability to select "Is this Allowance Shared with the Customer?" if you choose "Yes" then you will create an Internal Allowance and if you select "No" you will be creating a Customer Allowance:
5. Select the Allowance Type:
   1. Here's an article explaining the different allowance types: What are Allowances, Contingencies, and Holds in Clearstory?

6. Give the allowance a name

7. Add the total $ amount for the allowance.

    

    

8. Click Add

Adding a COR to an Allowance

You can add a COR to an allowance two ways: When creating a detailed COR or from the COR Log.

Add to an allowance while creating a detailed COR:

1. Complete the detailed COR as normal. Towards the bottom of the COR > Customer Allowance > Select from List

2. Select the allowance you would like to apply the COR to.
   1. Note: You will not see Internal Allowances as an option because they cannot be viewed externally.
3. Click Add

It will automatically deduct the total requested amount from the allowance total.

4. Select Preview and Send

Add to an allowance from the COR Log:

1. In the COR Log (sent or received) select the edit pencil on the right of the COR you would like to add the allowance

2. Scroll down to Customer Allowances > select the allowance that applies

1. 1. Note: When you choose Customer Allowances you will be able to determine which allowance is an Internal Allowance by an icon  which will note "This allowance is internal and only visible to your team."

3. Click Save

Add Allowance Draws to Change Order Requests (CORs) in Bulk

If you already have multiple CORs created on a project, you can quickly apply them to an existing allowance in bulk instead of adding them one at a time. This is especially helpful when onboarding a project mid-stream or reconciling several CORs against the same allowance.

You can select multiple eligible CORs at once and assign them to a single allowance. Each selected COR will draw its full current requested amount from the allowance. As you select CORs, Clearstory shows the remaining allowance balance in real time so you can avoid overdrawing.

How to Bulk Add CORs to an Allowance

1. Open the Allowance Log or an individual Allowance Details page.

2. Click Allocate CORs (from the allowance row menu) or Add CORs at the top of the allowance.
3. In the modal, review the list of eligible CORs:
   1. Only CORs not already tied to an allowance and with a non-zero amount appear.

4. Use search or filters to find the CORs you want.

5. Select one or more CORs.

6. Confirm to add them to the allowance.

Once confirmed:

• The allowance’s used and remaining amounts update automatically.

• Each COR shows the allowance draw applied.

• An activity log entry is created for each allocation.

💡 Tip: If a selected COR would cause the allowance to go negative, Clearstory will warn you before you can proceed.

Overdrawing an Allowance

You can apply an allowance draw that takes the allowance's remaining balance below zero. This is useful when actual costs against an allowance exceed what was originally budgeted and you want to track how far over you are without editing the allowance total.

How overdraw works

1. On a COR, enter an allowance draw greater than the allowance's remaining balance.
   
2. A non-blocking informational warning will display in the allowance section.You can save the draw and proceed.
   1. Clearstory shows a warning that the allowance's remaining balance will go negative after you save.
3. After save, the Allowance Log, Allowance Details page, and summary cards show the remaining balance as a negative value in red so the overdrawn state is easy to spot.

Things to know

• Overdrawn allowances do not change the allowance's original or revised total. They only reduce the remaining balance below zero.
• The bar chart on the Allowance Log fills the full width when an allowance is overdrawn, and the chart color switches to red to match the negative remaining value.
• The summary card pie chart fills completely when one or more allowances are overdrawn, and the textual remaining amount alongside shows the negative dollar value in red.
• PDF and XLSX exports of the Allowance Log and Allowance Details include the negative remaining values.

How to Add an Allowance Credit

You can enter a  Allowance Credit (negative allowance draw) on a deductive COR. This returns money to an allowance instead of drawing from it, which is useful when scope is removed, materials are not used, or buyout savings reduce the cost of the work the allowance was funding. 

How allowance credits work

1. Create or edit a COR where the total requested amount is negative, positive, or zero.
2. In the Customer Allowances section, enter a negative dollar amount in the Allowance Draw field for the allowance you want to credit.
   1. Note: An allowance credit increases the amount requested in a COR.
      
3. Save the COR. If you add an allowance credit greater than the negative requested amount on the COR then the COR will show a positive requested total which will increase to the contract value.
4. Once the COR is submitted, Clearstory automatically increases the allowance's total amount by the absolute value of the credit. The remaining balance increases by the same amount.

Things to know

• Creating Allowance Credits will automatically update the amount remaining. If you update the total amount of the allowance in edit allowance then the amount remaining will be automatically calculated by the total amount plus the allowance credits already created.

• Negative draws appear as negative dollar amounts in green text on the COR Log, COR Detail, and Allowance Details page, so they are easy to tell apart from regular draws.
• An entry is added to the Allowance Activity Feed referencing the COR that created the credit, the actor, the timestamp, and the credit amount.
• You can include multiple negative draws on a single deductive COR across different allowances. You can also mix positive and negative draws on the same COR (one allowance debit, one allowance credit) as long as the COR's total requested amount remains negative.

Moving Balances From One Allowance To Another

Allowance credit functionality allows you to move allowance balances from one balance to another through a single COR.

How to move balance across Allowances

1. Create an allowance with either negative, zero, or positive request amount.
2. Apply a normal allowance draw for the allowance you would like to draw from and an allowance credit (negative allowance draw) for the allowance you would like to increase.
3. Submitting the COR will show as an allowance draw in one allowance as a COR line item and an allowance credit as a COR line item in the other allowance.

Export the Allowance Log

Click Export

Select the file type > Export