Retainage Information

Retainage is a percentage of the invoice pay item that your company is paid after the work is complete. When you run the Create A/R Entries program, the system creates a separate accounting entry for the retainage amount.

This table lists fields on the G/L Offset and Retainage Table Revisions form that relate to retainage:

Field	Description
Percent Retainage	Specifies the percentage of the invoice amount that will be retained, or held back, until the work is complete. If no percent is entered, no retainage amount is calculated.
Retainage G/L Offset	Specifies the account for which the system creates offsetting entries when you run the Create A/R Entries program for the retainage amount.