How to...

After you enable and set up the retainage feature, retainage amounts are withheld from invoices for projects that use retainage, and then you eventually bill the withheld retainage in a separate invoice.

Related Topics:

  • Enable the Retainage Feature
    Before using the retainage feature, you must enable the feature.
  • Set Up One or More Retainage Accounts
    If you established multiple accounts receivable accounts to which to post invoice amounts, you can set up corresponding retainage accounts.
  • Map Your Retainage Accounts
    After you create retainage accounts, you must link the retainage accounts to invoice and accounts receivable accounts.
  • Release and Bill Retainage
    When you reach the point when previously withheld retainage needs to be billed for a project, you release the retainage and create an invoice for it.
  • Release a Portion of Retainage for Billing
    If you reach the point in a project's progress when you can bill some, but not all, retainage, release a portion of retainage for billing.
  • Print the Retainage Invoice Report
    The Retainage Invoice report shows the original invoice number, amount collected from the original invoice, and remaining retainage amount still to be collected for each project or billing group.
Parent Topic: Retainage