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How can I adjust the retainage on my invoice?

If you need to release or edit the retainage for line items on an invoice, you can do so by following the steps below.

Step 1: Click the Edit Retainage button on the Items tab.

  1. In the Cost Tracking area of your project, click the Invoices thread (red button) in the left-side menu to expand the options below.
    Helpful Hint: This area may be called something different on your site.
  2. Click the All Items option in the left-side menu.
  3. Click the Description link to open the invoice where you want to adjust the retainage.
  4. Click the Items tab and scroll to the bottom of the page.
  5. Click the Edit Retainage button.

Step 2: Make the desired changes to the % WC Retainage and %MS Retainage fields.

  1. Once you click the Edit Retainage button, the screen will refresh with the % WC Retainage and %MS Retainage fields as editable textboxes.
  2. Enter the changes you want in these textboxes.
    Helpful Hints:
    1. Change the retainage value to '0.00' to release all of the retainage for that line item.
    2. % WC Retainage refers to the retainage percent for Work Completed.
      % MS Retainage refers to the retainage percent for Materials Stored.
    3. Retainage is calculated according to AIA principles, meaning it builds from previous payments. If you wish to pay balances at different retainage amounts, it is a best practice to separate the amounts into different line items.
  3. Hit Save to keep the changes.

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