AMOUNT INPUT BOX for RETAINED AMOUNT or optional PERCENTAGE.
This Amount is usually DEBITED to ACCOUNTS RECEIVABLE - RETAINED
and CREDITED to the JOB SALES or REVENUE ACCOUNT specified in
Sales Type of Transaction Master Record.
Example: Job Sales entry - 900.00
Retained entry 100.00
Total 1000.00
PERCENTAGE entry.
If you enter a VALUE of .10 or less, it will be treated as a RETAINAGE PERCENTAGE,
and will DEDUCT that percentage from the Job Sales Amount and enter the COMPUTED
RETAINAGE in this field.
Example: Job Sales entry - 1000.00
Retained entry .10
recomputed as:
Job Sales - 900.00
Retained - 100.00
Total - 1000.00