Processing AR Invoices with Retainage

A customer can retain a part of an invoice amount until the necessary work has been completed and pay your company the retained amount when all the terms of the agreement have been met. In MYOB Acumatica, you can process invoices with retained amounts if the Retainage Support feature is enabled on the Enable/Disable Features (CS100000) form. The use of AR invoices with retainage is especially common in the construction industry.

The topics of this chapter explain how to work with AR invoices with retainage in the system.