Understanding Retainage Release for JD Edwards EnterpriseOne Contract Billing

You release retainage when a job has been completed and the customer authorizes payment for the retained invoice amounts. JD Edwards EnterpriseOne Contract Billing decreases the retained amount for each contract billing line. You can release retained amounts for an entire contract, a change order, or a billing line. You can also release partial retained amounts for the contract excluding change orders or for a specific change order or billing line.

To release retainage, you must first select the Create A/R option from the Row menu on the Work With Batches form to process the invoice batch that contains the retainage.

Note: When retainage is partially released and another invoice is processed after the release, the retainage is calculated on the invoice amount and the partially released amount is not used in the calculation and is not used in recalculating the retainage.