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 Overview

Accounts Payable retention can be calculated automatically in Accounts Payable Invoice Data Entry using the standard retention rate specified for the vendor in Accounts Payable Vendor Maintenance or the retention rate specified for the vendor in Job Maintenance. The calculated retention can be overridden manually during Invoice Data Entry.

 

To enter a retention rate

1. Select Job Cost Main menu > Job Maintenance.

2. In the Job No. field, enter a job number. For more information, see Job Maintenance - Fields.

3. Click Cost Code.

4. In the Cost Code Detail window, in the Cost Code field, enter the cost code of the subcontract. For more information, see Cost Code Detail - Fields.

5. In the Cost Type field, select Subcontract.

6. In the Vendor No. field, enter the vendor number.

7. Complete the remaining fields in the Cost Code Detail window. Click Accept.

Note When you enter an Accounts Payable invoice for the vendor and distribute the cost to the cost code, the proper retention rate is applied automatically.