Enable retainage on vendor transaction definitions

You can enable retainage on Accounts Payable transaction definitions so that Purchasing orders and invoices include retainage fields in the relevant order and invoice pages. Purchasing agents and AP clerks can then enter the relevant retainage percentage for the relevant documents.

Subscription
  • Projects, Module: Project Costing
  • Accounts Payable
User type
  • Business user with admin privileges
Permissions
  • List: enables visibility to retainage
  • View, add, edit, and delete: controls who can enable retainage
Tip
  • Enable retainage on all documents in your workflow (from the order to the final invoice).
  • Disable retainage if transaction definitions include:
    • Apportioned subtotals
    • Backorder in cases of partial conversion
  1. Go to Purchasing > Setup > More, and select Add (circle) next to Transaction definitions.
  2. Enter the desired information in the applicable fields. At a minimum, you must enter a Template name in order to save the transaction definition.
  3. If this transaction will post, enter the applicable posting information.
  4. If you want to set document permission, user and group permissions, or both for this transaction definition, enter security information.
  5. Multi-entity only: If you want to specify entity settings for this transaction definition, enter entity information.
  6. Check the box next to Enable retainage.
  7. When you have completed entering the transaction definition information, click Save.