Release Retainage for Billing
When you reach the point of a project when retainage may be billed, release the project's retainage for billing.
To release a project's retainage for billing, complete the following steps:
- From the Vision Navigation menu, click .
- Modify session options on the Billing Session Options dialog box and click OK.
- On the Interactive Billing form, open the project for which you are billing retainage.
- Click Retainage on the toolbar.
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On the Invoice File Selection dialog box, select an existing invoice file or create a new invoice file in which to include the retainage amounts computed during this session.
- To select an existing file, click the file on the list and click OK.
- To create a new file, click New and enter a name for the file in the File Name field. Click OK. The name is a label used by the Transaction Center.
- On the Bill Retainage dialog box, select a single invoice or multiple invoices to bill all or part of the project, phase, or task's retainage.
- Click Preview to view the invoice on screen and verify that the appropriate retainage amounts appear on the invoice.
- If the amounts are not correct, modify retainage amounts on the Misc tab of the Billing Terms form.
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When the amounts are correct, click
Bill.
Vision displays the following message:
Billing retainage totaling <retainage total> from invoices. Do you want to continue?
- Click Yes to print the invoice with the total retainage amount.
- Click Close to close the Bill Retainage dialog box.
- Post the invoice file that includes the retainage amount you billed.