The help file says in one place that the "total amount billed on the retainage invoice must be equal to or less than the retainage amount from the original invoice". In another place it refers to "the exact amount of the Retainage due".

In fact, when a Retainage Invoice is created for less than the full retainage of an invoice, Job Cost shows the full amount of the retainage as being billed.

Receivables has the correct amount but Job Cost does not.

Nothing is retrievable from AR to JC and the Job Inquiry (Billings & Costs tab) shows the full amount as still Retainage Receivable.

The Report of Retainage Receivable shows the original job total but the amount related to this invoice is now blank.

The Job Status report shows original full amount as Retainage Receivable and shows retainage billing for full amount of the retainage on the invoice, not the reduced amount actually billed.

Hello Kate,

Please make sure that you are using the latest version of JobCost 68B (050928). We have made some changes to reports that are related to Retainage.

The first note from Help is only meant to indicate that you can?t create a Retainage Invoice for more than the amount that was retained.

When you post the original Invoice with retainage, the Billing entry that goes to JobCost is not for the amount net of retainage. It is for the Total amount and it is reported as Billings in JobCost.

When the Retainage invoice is posted in JobCost, it will reduce the Retainage receivable amount and it will not affect the Billings amount.

If your Retainage invoices are not going to JobCost, double-check your entry in Receivables. When you select the original invoice, it does not automatically fill in the Job number field.