Setting up Retainage Accounts
Before you release retainage to be billed, you must set up new accounts in the Chart of Accounts Info Center to store retainage amounts temporarily. Your account setup determines the accounts to which retainage amounts are posted.
At least one account must be set up for retainage.
Deltek recommends that you set up new accounts for retainage in one of the following ways:
After your retainage accounts are established, you must map these accounts to invoice and accounts receivable accounts.