- Job is done after one billing (AR Reference Nbr. 000330)
- I released retainage on this invoice, creating a retainage AR Reference Nbr. 000331, and then released this
- Back in Construction tab I tried two different methods:
- First, I reduced the summary tab (and revenue tab) retainage down to 0% and then clicked Run Project Billingè. This produced an AIA document that stated a Current Payment Due of $0.00
- I deleted the above Pro Forma and brought the summary (and revenue) tab retainage back up to 5% and clicked Run Project Billing. This, too, produced an AIA document that stated $0.00 as the Current Payment Due
- The total Current Payment Due SHOULD be $7,450, which is 5% of the total contract $149,000.
Solved
Retainage Release Issue
Best answer by dmurray
We had to make sure when we release retainage that you do it at least one day previous of your AIA. That is if your going to Run Project Billing and date your AIA the 31st, make sure your Retainage Invoice is dated the 30th.
Hope this helps.
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