Enable Global Withholding

There are a few steps to enable global withholding in Costpoint.

To enable and track global withholding:

1. On the Manage Billing Withholding Codes screen, set up billing withholding codes.

   You can specify the withholding percentages that are applied when calculating bills for projects subject to such withholding payments. You can also set up the maximum total percentage that can be withheld for combined withholding and retainage. If there is no maximum percentage, use 100%.

2. Assign withholding codes to a project or projects:
   1. To assign withholding codes to one project at a time, use the Global Withholding tab, available on two screens:
      • Manage Project Billing Information screen
      • Billing Details subtask of the Manage Project User Flow screen in Project Setup
   2. Select the Subject to Withholding check box if this project is subject to withholding, and enter the Withholding Code and the Withholding Percentage.

      You can also add this information on the Manage Project Billing Information screen.

   3. To assign withholding codes to multiple projects at the same time, use the Assign Billing Withholding Codes screen to quickly assign withholding codes to project billing setup records.
      You can also change the withholding code when rates are increased or reduced, or when withholding is no longer required. In addition, you can specify replacement of certain existing withholding codes. You can only update projects that belong to your login company.

After setting up your global withholding codes, you are ready to proceed as you normally would to calculate bills.