Retainage Debit/Credit
Accounts Payable lets you add or edit the retainage debit or retainage credit field, even if the original document did not include retainage. (Note that these fields do not appear for retainage invoices, debit notes, and credit notes.)
Enter the debit or credit as a positive number. If you enter a retainage debit or retainage credit amount using a negative number, the program will move the amount to the retainage credit or retainage debit field.
Note
- If the document you are adjusting included retainage, the only retainage fields you can edit for a document detail are the original retainage debit or retainage credit.Note that you add or edit retainage on the detail-entry grid. You do not enter a retainage debit or credit for the document as a whole.
- You can adjust the retainage amount and add or change document details on the same adjustment document. (The program then creates two journal entries: one for the retainage adjustment, and the other for the detail adjustment.)
- retainage