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 setup in either the Schedule of Values window, or the Contract Information window.
Benefits:
- Streamline the job setup process as it relates to retention by choose 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: