To [1]olga.karevainsert2022/08/0412:46:52+03:00Create a Retainage Document (Release Retainage[2]olga.karevainsert2022/08/0412:47:02+03:00)

You release retainage for a particular bill [3]olga.karevainsert2022/08/0412:47:14+03:00or a debit adjustment from which a part of an amount has been retained on the Bills and Adjustments (AP301000) form. Once the retainage is released, the system creates a retainage bill with the specified amount and opens it on the same form. [4]olga.karevainsert2022/08/0412:47:42+03:00For a negative Retainage to Release amount, the system creates a retainage debit adjustment.

To Create a Retainage [5]olga.karevainsert2022/08/0412:48:28+03:00DocumentBill[6]olga.karevaBill2022/08/0412:48:30+03:00 (Release a [7]olga.karevaa 2022/08/0412:48:36+03:00Retainage)

  1. Open the Bills and Adjustments (AP301000) form.
  2. In the Type box of the Summary area, select Bill[8]olga.karevainsert2022/08/0412:49:05+03:00 if you are releasing retainage for a bill, or Debit Adj. if you are releasing retainage for a debit adjustment.
  3. In the Reference Nbr. box, select the reference number of the [9]olga.karevainsert2022/08/0412:49:48+03:00documentbill[10]olga.karevabill2022/08/0412:49:50+03:00 with retainage for which you want to release retainage.
  4. On the More menu (under Processing), click Release Retainage.
  5. [11]olga.karevainsert2022/08/0412:51:43+03:00On the Release AP Retainage (AP510000) form, which opens, In the <uicontrol>Release Retainage</uicontrol> dialog box, which opens, [12]olga.karevaIn the <uicontrol>Release Retainage</uicontrol> d.. 2022/08/0412:52:42+03:00check [13]olga.karevainsert2022/08/0412:52:48+03:00the values in the Retainage to Release and Percent to Release [14]olga.karevainsert2022/08/0412:52:58+03:00columns. If necessaryboxes, and[15]olga.karevaboxes, and2022/08/0412:53:08+03:00[16]olga.karevainsert2022/08/0412:53:11+03:00, change the value in one of the[17]olga.karevainsert2022/08/0412:53:14+03:00 columnsm if necessary[18]olga.karevam if necessary2022/08/0412:53:18+03:00; the system automatically recalculates the value in the other one.
    6. [19]olga.karevainsert2022/08/0412:53:30+03:00
  6. Select the Included check box for the row (if the document is processed at the document level) or rows (if the document is processed at the line level) and click Process on the form toolbar.

    The system creates a retainage bill or retainage debit adjustment. Make sure that the Retainage Document check box is selected for the document.

  7. On the Bills and Adjustments form, click Remove Hold and Release on the form toolbar to release the retainage document.
    Note: If the Automatically Release Retainage Documents check box is selected on the Accounts Payable Preferences (AP101000) form, the system releases retainage documents automatically as soon as they are created.
    8. <li>If needed, in the <uicontrol>Retainage Vendor Ref.</uicontrol> box, specify the reference number of the vendor retainage bill.</li><li>Click <uicontrol>Release</uicontrol>.<p>The system displays the created retainage bill. Make sure that the <uicontrol>Retainage Bill</uicontrol> check box is selected for the bill.</p></li><li>Click <uicontrol>Save</uicontrol>.</li>[20]olga.kareva<li>If needed, in the <uicontrol>Retainage Vendor.. 2022/08/0412:54:09+03:00