Adjust the Default Retainage Percentage for Payment Applications
Retainage is the percentage of a payment that is withheld until a job is fully complete.
When you add a payment application, you can adjust the retainage for each payment, but you can also adjust the default retainage percentage for every new payment application in a workspace.
To adjust the default retainage percentage:
- In the object selector, select a workspace.
- In the sidebar, select Summary & Settings.
- In the Defaults & Options list, select Payment Application.
- On the Defaults & Options: Payment Application page, select the Defaults tab.
- In the Retainage field, enter the new default retainage rate.
- Select Save.
Last Published Wednesday, August 21, 2024