Once this feature is enabled you will have the option to specify a default account for retainage under the job defaults section of the accountant module
When an AIA invoice is created, the retainage amount will automatically sync as a journal entry between the default sales account and the account specific as the default for retainage:
When the contract is fully billed and we create the final retainage invoice, the journal entry balances out the previous transactions to ensure the full invoiced amount is mapped to the default sales account:
Comments
0 comments
Article is closed for comments.