Commitments basics
Use the Purchasing application to enter purchase orders for your suppliers and subcontracts with your subcontractors. These orders and subcontracts are also known as commitments or committed costs.
To learn more about the construction-related terminology used in Sage Intacct, see Construction versus Sage Intacct terminology.
The general workflow for commitments includes the following steps:
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Create an order for your supplier contract or subcontract.
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Convert the order into an invoice and withhold retainage if applicable. A bill is created in Accounts Payable to use when paying the supplier or subcontractor.
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Create retainage release bills to release any previously withheld retainage.
Videos
Training
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Managing purchase orders and subcontracts
Learn how to set up purchase orders and subcontracts, withhold and release retainage, and more.
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Understand the basics
