Processing AP Documents with Retainage
In some industries, such as construction, it is necessary to withhold a portion of the contract amount until the work has been completed to ensure that the vendor will satisfy its obligations and complete a particular project. In MYOB Acumatica, if the Retainage Support feature is enabled on the Enable/Disable Features (CS100000) form, you can process bills [1]insert2022/08/0410:13:36+03:00and debit adjustments with retained amounts and track retainage by document line. This feature can be used only with the Construction Edition.[2]This feature can be used only with the Constructi.. 2022/08/0410:13:59+03:00
In this chapter, you will read about the configuration necessary for the processing of retainage, the processing flow of [3]insert2022/08/0410:14:08+03:00documentsbills[4]bills2022/08/0410:14:10+03:00 with retainage, and examples of the processing of bills [5]insert2022/08/0410:14:16+03:00and debit adjustments with retainage. You will also find the procedures related to [6]insert2022/08/0410:14:26+03:00documentsbills[7]bills2022/08/0410:14:28+03:00 with retainage.