Billing Customers for Retainage (Holdback) in A/R Module

Question

Is there a way to bill retainage to customers on one retainage invoice for retainage which had originally been deducted from multiple invoices? In many instances the retainage is taken over a period of monthly invoices and only billed at the end under one invoice after the work has all been completed.

Louis2 · Accepted Answer

Hi, 
 For retainage in AR, it involves two steps: 
 1.First, you post an original invoice, debit note or credit note that specifies a holdback (retainage) for the document. 
 2.Later, you post a separate retainage invoice, debit note, or credit note to invoice the outstanding retainage amount. 
 The function is for 1 to 1 and not 1 to many invoices. 
 Regards,

Sage 300

Billing Customers for Retainage (Holdback) in A/R Module

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