Set or Release Retainage on a Subcontractor Invoice
Objective
To set or release retainage for line items on a subcontractor invoice with the Commitments tool.
Background
Things to Consider
- Required User Permissions:
- To set retainage on a subcontractor invoice, 'Admin' level permissions on the project's Commitments tool.
- To release retainage on a subcontractor invoice, Standard' level permissions or higher on the Commitments tool.
Note
To learn more about releasing retainage on a subcontractor invoice, see Create a Subcontractor Invoice for the Release of Retainage.
- Additional Information:
- To set the same percentage of retainage on all line items in the invoice, enter a value to apply to all line items in the invoice.
- To release retainage on all line items, enter a value to apply to all line items. This moves the desired percentage from the 'Currently Retained' column to the 'Released This Period' column.
- For customers in Australia
, you can also manage withholding using the sliding scale retention feature. To learn more, see What is sliding scale retention?
Prerequisites
Steps
- Navigate to the project's Commitments tool.
- Under the Contracts tab, locate the purchase order or subcontract. Then click Edit.
- Click the Invoices tab.
- Locate the subcontractor invoice that you want to work with.
- Click the Detail tab.
- Click the Edit button.
- Choose one of the following: