How can I edit the Retainage on my Invoice?

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

To Edit Retainage:

1. From the My Projects page, select the project you wish to work in.
2. Click Cost Tracking (may also be called "Contract Mgmt") from the left-hand menu.
3. Click Invoices / Pay Apps thread (may also be called "Invoices").
4. Select the open Invoice item you wish to edit.

   Helpful Hint: The retainage can only be edited for an invoice that has not yet been approved.

5. On the Items tab, click the Edit icon.
   

   Helpful Hint: The screen will refresh and the % WC Retainage and % MS Retainage fields will become editable textboxes.

6. 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.

7. Hit Save to keep the changes.