Option 1:

Follow these steps to bill retainage for cost-based invoices when you only have retainage remaining left to bill, want retainage on its own invoice or you do not have work-in-progress (WIP) records to bill at this time:

1. In Billing, from the Tasks menu, select Cost-Based Invoices, Change Work-In-Progress.
2. Select the contract and click OK.
3. Enter two balancing WIP entries. For example, enter one entry for 1.00 and another for -1.00.
4. Click Finish when you are done.
5. Generate the invoice. For detailed instructions on how to generate an invoice, see the Billing Help topic, "Generate Cost-Based Invoices (Tasks , Cost-Based Invoices)"
   Note: You may need to check the box for Non- accounting date entries, or enter the WIP Date.
6. After you generate the invoice, from the Tasks menu, select Cost-Based Invoices, Change Cost-Based Invoices.
7. Select the zero-balance invoice and click Bill Retainage.
8. Type a percent in the Percent to bill box or type an amount in the Amount to bill box.
9. Click OK and click Close.
10. Go to Task, Print, Final, enter your invoice information and select Start.
11. Select Task, Post Invoices.

Option 2:

Follow these steps when billing retainage for cost-based invoices when billing both existing WIP records (work billed) and retainage on the same invoice:

1. After you generate the invoice, from the Tasks menu, select Cost-Based Invoices, Change Cost-Based Invoices.
2. Select the invoice and click Bill Retainage.
3. Type a percent in the Percent to bill box or type an amount in the Amount to bill box.
4. Click OK and click Close.
5. Go to Task, Print, Final, enter your invoice information and select Start.
6. Select Task, Post Invoices.