How do I bill retainage if I use Job Cost for receivables?

Use Tasks, Enter Billings in Job Cost to bill or release retainage. This option is only available if you do not use the Accounts Receivables application.

Notes:

• Retainage billing for previous draws should use a new draw ID, particularly if you are not using unique invoice numbers for every billing entry.
• Depending on your billing level, you will bill retainage either to the job or the cost code section. You can view the billing level in File, Data Folder Settings, JC Settings, Billing Info (in 9.4.x and earlier) or File, Company Settings, JC Settings, Billing Info (in 9.5.x and later).

Use the following steps to bill or release retainage:

1. In Job Cost, from the Tasks menu, select Enter Billings.
2. Enter the applicable invoice and draw information for this billing, but do not enter an amount in the Amount billed box.
3. Enter the amount of retainage to bill in the Retainage box.
4. Make sure the Bill Ret? column contains a B. If it does not contain a B, click in the Retainage box and then click Bill Retainage.
5. Enter the remaining information for the billing. Confirm that the correct GL accounts prefill or type in the correct accounts.
6. Click Finish.
7. If prompted to do so, click Yes to post.