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DianeH
06-24-2004, 04:06 PM
How would you set up retainage so that it not recorded as a recievable until billed but trackable for your boss to know how much he has in retainge from his customers?

Holland
06-25-2004, 06:12 AM
I would think you could create a "Retainage Receivable" asset account, and bill the retainage amounts separately from the invoice, using the retainage GL account instead of the accounts receivable GL account.