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Retention Rule Templates

Owned by Kyle Niekamp
Last updated: 06 23, 2022 by Claire Aleman

Overview:

Retention Rule Templates define how retention on job billings should be calculated and withheld during the automated invoicing process. The Retention Rule Templates window allows you to pre-define these rules, so that during Job setup, you can assign a Retention Rule and streamline the job setup process as it relates to retention. It is worth noting, assigning a Retention Rules Template alone is not enough to ensure retention will be calculated and withhold on a job invoice, a Retention Line Item must also be set up in either the Schedule of Values window or the Contract Information window.

Benefits:

  • Streamline the job setup process as it relates to retention by choosing from a pick list, how the job should withhold retention
  • Cut down on confusion and avoid mistakes by having a fully defined list of retention rules

Roles:

  • Accounts Receivable Manager

Location:

  • Billing & Accounts Receivable > Setup > Retention Rule Templates

Video:

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