How do I account for retentions receivable please? Do I invoice the customer the full amount and credit the retention value? And then re-invoice the retention value on the due date? What N/C would these go to?
How do I account for retentions receivable please? Do I invoice the customer the full amount and credit the retention value? And then re-invoice the retention value on the due date? What N/C would these go to?
Hi Sadee-Jo,
Thanks for using Sage City.
There are several examples of recording retentions and steps to take in the following Knowledgebase article: How to set up and record a retention I hope that's useful.
If this has helped, please click More > Verify Answer.
Regards
Andy
Sage UKI
Hi Sadee-Jo,
Thanks for using Sage City.
There are several examples of recording retentions and steps to take in the following Knowledgebase article: How to set up and record a retention I hope that's useful.
If this has helped, please click More > Verify Answer.
Regards
Andy
Sage UKI
Hi Andy,
Thank you for replying to me.
The link is very helpful. I appreciate it!
Kind regards
Sadee-Jo
*Community Hub is the new name for Sage City