How do you enter retainage on a subcontractor invoice?

Question

Currently, we enter a Subcontractor invoice into Accounts Payable by entering the invoice in the top section, and then in the bottom section we enter two lines, one for the main amount, and one for the retainage amount. When this is displayed in the WIP, it then shows two lines there, causing confusion about the actual amount the Sub has billed. Is there any other way to enter retainage on a Sub invoice? Knowledgebase search stinks.

Lisa Gilbride · Accepted Answer

Do you not have the retainage column available in the invoice distribution line? Check the Company Settings, AP Settings, Distribution settings to allow for this retainage column. This will allow you to enter one line in the invoice distribution section, that will allow you to enter a separate amount and retainage. You will also have a feature (at the bottom of your enter invoice screen, called Calculate. This will allow you change and auto calculate retention %. hope this helps and works for you. If you do not have access to settings, you will need to reach out to the Company Administrator.

Sage Construction & Real Estate

How do you enter retainage on a subcontractor invoice?

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