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if you are applying an invoice to a subcontract, then enter the gross invoice amount in the field labeled "Gross Amount", then the amount you want to withhold as retainage in, you guessed it, the field labeled "Retainage Amount". The "Net Amount" field will be computed by Gross Amount - Retainage Amount. An invoice distribution will automatically get created to record the retainage payable to the job's *retainage payable* cost code (it will be recorded as a negative amount). Then you will enter another invoice distribution to the cost code you want charged for that invoice. For example, say you had an invoice for $1,000 and you wanted to hold 5% retainage. You would enter 1000.00 in the Gross Amount field, then 50.00 in the Retainage Amount field. The Net Amount would have 950.00. You would then see an invoice distribution to the JobId specified by the SubContract and the retainage payable cost code for the job, with an amount of -50.00. You would then record another invoice distribution to the job and cost code where you wanted to charge the invoice, with an amount of 1000.00.
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