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. Click the New button beside the Retainage Number field.
3. In the Status field, accept New, and then enter information in the other fields above the table.
4. Click the Detail button.

   The Detail Update Retainage screen appears.

5. Enter the opening retainage balance for a contract, project, and category, and then click Add.
6. If you want to add the retainage balance for another contract, project, and category, click New, and then repeat the previous step.
7. Click Close to return to the Update Retainage screen.
8. Click Add to add the document.
9. Click Post when you are ready to post the document.