Add a prime invoice for retainage only

You can use the Prime Contract Invoice Wizard to add an invoice only for retainage, which is also known as retention or holdback.

  • Retainage is stored and tracked by Job Cost Code not item type (e.g. Expenses and Timecards).
  • Typically, retainage is released in a separate invoice when all work is complete and installed according to specifications.

Release retainage for individual job cost codes

  1. Navigate to the Job Cost Code and enter a value in the Work Retainage Release Amount cell.
  2. Repeat step above for other Job Cost Codes were retainage is being released.
  3. Click the Save and Next button shown below the grid.

Release retainage for multiple job cost codes

When you release retainage for multiple job cost codes at the same time, they must all use the same percentage or amount.

  1. Select one or more job cost codes using the check box on the left.
  2. Click the Chose Bulk Actions button above grid.
  3. Select one of the following options and enter the appropriate value.
    • Work Retainage Release Amount
    • Work Retainage Release % (100% = 100)
  4. Click the Save button. This will populate the Work Retainage Release Amount and save the values in the system.
  5. Click the Skip button shown below the grid since the retainage release amounts were already saved in the prior step.