how to account for retention on a sales invoice

Question

When raising a sales invoice which also has retention deducted, what nominal code should be used for the retention, should it be Balance sheet or sales in P&L

Andy Rickeard · Answer

Hi Pauline,

Thanks for using Community Hub.

The following article explains how to record a retention on an invoice: How to set up and record a retention >

If this helps, please click Verify Answer.

Regards,

Andy
Sage UKI

Sage 50 Accounts

how to account for retention on a sales invoice

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