Processing AP Bills with Retainage

A company may need to withhold a portion of the billed amount until the work has been completed to assure that the vendor will satisfy its obligations and complete a particular project. The use of AP bills with retainage is especially common in the construction industry.

In MYOB Acumatica, if the Retainage Support feature is enabled on the Enable/Disable Features (CS100000) form, you can process bills with retained amounts and track retainage by document line.