Entering a Voucher to Release Retainage

Access the Voucher Match form.

To enter a voucher to release retainage:

1. Complete these fields to enter record information:

   • Invoice Num.

   • Invoice Date

   • G/L Date

     You can have the system enter the gross amount and tax for you based on the detail lines or receipt records that you select.

2. On the Voucher Match form, complete the OP field.

   For subcontract progress payments, if you have set the Option Default processing option on the Progress Payments tab, the system changes this field by default to a value of 1, match quantity and amount.

3. Complete these optional fields for receipt records to reflect the invoice, as necessary:

   • Amount To Voucher

   • Quantity To Voucher

   • Retained Amount

   • Percentage Retained

   • Tax Y/N

   • Tax Area

   • Tax Expl

   • Tax

   • Discount Amt

4. Click OK.

5. To review the resulting voucher, on the Subcontractor Ledger Inquiry form, click Find, select the voucher, and click Select.