Processing AR Documents with Retainage

In some industries, such as construction, a customer can retain a part of an invoice amount until the necessary work has been completed and pay the retained amount when all the terms of the agreement have been met. In MYOB Acumatica, you can process invoices and credit memos with retained amounts if the Retainage Support feature is enabled on the Enable/Disable Features (CS100000) form.

In this chapter, you will read about the configuration necessary for the processing of retainage, the processing flow of documents with retainage, and examples of the processing of invoices with retainage in MYOB Acumatica. You will also find procedures related to documents with retainage.