Job Billing - Releasing Retainage

Pgm: JBBILL – Prepare Billing; standard Treeview path: Job Billing > Billing > Prepare Billing

Retainage release is done through the Prepare Billing screen. As each item is billed, retainage is calculated (where applicable) and accounted for in the Current Retainage field. Upon posting, the retainage to-date is accumulated in calculated retainage. When retainage is to be released, move to the billing line item enter the required release amount into the Retainage Release Amount field.

The retainage will be released as part of the draw or revision.