Issue/Symptom/Question

We have a Job that was set to have retention held on invoices using the Percent Complete method in the AR Retention Rule Maintenance pop-up window. Invoices should hold 5% up to 50% complete and 0% after that. The Retention is not calculating correctly, how does this setup function in PENTA?

Applies To

PENTA for Windows

Project Management > Jobs > Job Information

Job Retention Calculation

Resolution/Fix/Answer

• The AR Retention Rule Maintenance pop-up window allows you to enter and control the Job’s billing and completion retention information.

Note: Entering a line item retention percent in the Contract Information window overrides any entry in this window.

• Use the Retention Type field to identify where you would like to enter retention - This value also determines the methodology you wish to use for calculating retention on the Job:
  • Fixed Retention Percentage
  • Billed Amount
  • Percent Complete

Note: Review the example below for an example of each Retention Type.

In the screenshot below, if setting up a Job with a contract value of $100,000 PENTA calculates 10% Retention for the first half of the contract amount. PENTA will calculate 5% for the second half of the contract amount: