Issue/Symptom/Question

We would like to pay subcontractors net 60 instead of Pay when Paid. Is there a way to separate the retention amount from a Job Invoice into a different payment cycle?

Applies To

PENTA for Windows

Project Management > Jobs > Job Information

Accounts Payable > Invoices > Manage Payable Status

Resolution/Fix/Answer

Because the retention amount on a job is totally dependent to the job it is tied to (both % amount or specified dollar amount), the retention is calculated by deducting it from the full amount that is due. If it was applied to a different AP entry cycle #, the amount would be $0 because it would not be connected to any costs as it would not be a part of that cycle #. Separating the retention amount to its own payment cycle would also cause issues on the final payment as it would not be applied.

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