Enter a Client's Retainer Payment in Cash Receipts Transaction Entry

When you have enabled and set up the Retainer feature, you can enter clients’ retainer payments in Cash Receipts Transaction Entry.

To enter a client’s retainer payment:

1. From the Navigation menu, click Transaction Center > Transaction Entry.
2. In the Transaction Type field on the Transaction Entry form, select Cash Receipts.
3. Click New and complete the fields on the New File dialog box.
4. In the Control Total field, enter the full amount of the retainer.
5. Click OK.
6. On the Cash Receipts form, enter the Reference, Bank, and Date.
7. In the first row of the Cash Receipts grid, enter the Project/Phase/Task, Account, and Receipt Amount. Make sure that the Retainer option is selected and that the Interest option is not selected. The Description field is optional. The Invoice field is not available. The Account is the Retainer account.
8. Click Save.