INTRODUCTION TO RETAINAGE RECEIVABLES
Discover Retainage Receivables by Suite Engine
What is Retainage (a.k.a. Holdbacks)?
Retainage (a.k.a. Holdback) refers to money slated for a project that is withheld until the client deems the work substantially complete and confirms that the contractor has satisfied the contract. It is meant to protect the client's investment in the event that a construction project runs into major problems.
How do we assist you?
Retainage Receivables by Suite Engine is an application for Microsoft Dynamics 365 Business Central. It allows for managing multiple aspects of retainage on the receivables side, including posting sales documents with retainage, keeping retainage records in the retainage sub-ledger, releasing retainage, applying/unapplying retainage documents for retainage, and reporting on outstanding retainage.
Note
The application works for the system's "Base" (domestic) currency only. Retainage Receivables is available for the US, Canada, United Arab Emirates, Australia, Great Britain, and New Zealand.
Visit Retainage Payables for additional knowledge articles.