Entering Opening Retainage Balances

You use the Update Retainage screen to enter opening retainage balances, and to update retainage payable or retainage receivable.

To enter opening retainage balances:

1. Open Project and Job Costing > PJC Transactions > Update Retainage.
2. In the Retainage Number and Status fields, accept New. (If the screen does not show New in these fields, click the Create New button.)
3. Enter information in the other fields above the table.
4. Click Add Line, and then click Edit Details.

   The Update Retainage Details screen appears.

5. Enter the opening retainage balance for a contract, project, and category, and then click Save.

   The detail is saved and a new blank detail appears.

6. When you have finished entering details, close the Update Retainage Details screen.
7. On the Update Retainage screen, click Save to add the document.
8. Click Post when you are ready to post the document.