How do we release retainage on multiple invoices at one time and reference 1 retainage billing invoice rather than each individual contractor pay application, that would then go through the approval process once, rather than for each contractor pay app?
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Retainage Release for Multiple Invoices on One Subcontract
Best answer by Heidi Dempsey
Thank you for this question. You would need to speak to your partner for a customization to have 1 retainage bill invoice.
+2Thank you for this question. You would need to speak to your partner for a customization to have 1 retainage bill invoice.
If you come across an easy fix to this, please let us know! Currently, Acumatica creates a Receivables invoice for each individual owner pay application. Retainage is typically billed to the owner in one pay app (or two if partial retainage release is allowed). It would reduce the clutter, and make application of payment easier if the released retainage was consolidated into one Invoice.
Please refer to related Idea,
and provide an up-vote on it!
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+2Hi Everyone,
From the AR Retainage Release process, you will see a new consolidated AR Invoice in 2023 R2 (idea mentioned above)!
This thread looks to reference both AP and AR Retainage, but I wanted to let you know about AR processing.
Thanks.
Joel Hoffman
joelhoffman wrote:
Hi Everyone,
From the AR Retainage Release process, you will see a new consolidated AR Invoice in 2023 R2 (idea mentioned above)!
This thread looks to reference both AP and AR Retainage, but I wanted to let you know about AR processing.
Thanks.
Unfortunately it only works for invoices that have “Pay by Line” checked. If that feature was not on when the original invoices were created then a consolidated invoice cannot be created.
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