Examples of Mapped Retainage Accounts

After you create retainage accounts, you must link the retainage accounts to invoice and accounts receivable accounts. The mapping process depends on whether you have one retainage account or multiple retainage accounts.

Enter mapping information on the Invoice Mapping Accounts tab in Settings > Accounting > Accounts Receivable.

Example - Multiple Retainage Accounts

In this example, assume that you are posting invoice amounts to multiple accounts receivableaccounts. You should set up corresponding retainage receivable accounts.

If you have the following AR accounts	Set up the following retainage accounts
111.00 – AR Clients	116.00 – Retainage Receivable
111.01 – AR Labor	116.01 – Labor Retainage Receivable
111.02 – AR Expense	116.02 – Expense Retainage Receivable
111.03 – AR Units	116.03 – Units Retainage Receivable
111.04 – AR Add-ons	116.04 – Add-ons Retainage Receivable

Note that the values in the AR Column of the Invoice Mapping Accounts tab are defined on the Ledger Headings tab of Accounts Receivable Settings and may be different for your company.