Retentions Tab

Use this tab to set up defaults for retentions that will apply to a job that you create using this template.

This tab is enabled if you select the Retentions apply option on the Main tab.

Options Reference

Each option and field on the form is described below. Mandatory options and fields are highlighted in red.

Retentions

Control sales code

Enter the sales code to use as a retention control code.

Write-off code

Enter the code to use as the code to indicate the write off of a retention amount.

Retentions break table

Use this table to set retention break points. The break points indicate thresholds at which to deduct a percentage of invoiced amount. For example, you can set a break point that deducts 2% of the invoiced amount up to $5,000 and another that deducts 3% up to $10,000.

You can enter values in these fields in the table:

Up To - The maximum value against which to withhold the retention.
Rate - The percentage of the job's cost that is being withheld at this break point.

Retention claim schedule

Use expected completion dates

Select this option to use the expected completion date, which determines the elapsed time from the job's start date to the date when a contractor is supposed to finish the job.

You can enter the completion date in the date fields that display when you select this option.

Include sub-jobs

Select this option to add sub jobs to the retention schedule.

Retention Claim Schedule table

Use this table to open the JC Job AR Invoice Entry form to generate an invoice for the retention claim.