[AP] Enable Retainage for Payable Invoices

Created by Crystal Ann Harvey, Modified on Tue, 14 Oct at 4:50 PM by Crystal Ann Harvey

You must perform initial setup steps in order to account for retainage on payable invoices.

To enable applying retainage to payable invoices:

Set up a hold code for retainage in the HQ Hold Codes form.
Enter the retainage hold code in the Retainage Hold Code field in the AP Company Parameters form (PayTypes/Discounts/ICR tab).
Set up a pay type for retainage in the AP Payable Types form.
Enter the retainage payable type in the Retainage field in of the AP Company Parameters form (Pay Types/Discounts/ICR tab).

You can now apply retainage to transactions in any of the AP Transaction Entry, AP Unapproved Invoice Entry, and AP Recurring Invoice Entry forms.