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- Enter a new Effective Date equal to the date the new Retention percentage is in effect for any subsequent invoices created out of PENTA
- The New Date is typically greater than the existing Effective Date
- Click on the 'Retention Type' drop-down menu to select how the retention will be calculated
- If the 'Retention Type' is:
- Billed Amount: enter in the lower left block the Billed Amount and the appropriate Retention % to be withheld
- Fixed Retention %: enter the new percentage in the Retention Percent field
- Percent Complete: enter in the lower right block the Job's Percent Complete percentage and the appropriate Retention %
- Close the pop-up window once done
- PENTA will now use the new Effective Date to determine the proper Retention to withhold on subsequent invoices createdÂ
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