Set Up One Retainage Account

If you established one accounts receivable account for all posted invoice amounts, Deltek recommends that you set up one corresponding retainage account for all posted retainage amounts.

To set up a single retainage account, complete the following steps:

1. From the Vision Navigation menu, click Info Center > Accounts > Chart of Accounts.
2. On the toolbar of the Chart of Accounts Info Center form, click New > New Account.
3. Enter the retainage account, which should be an accounts receivable account such as 116.00 - Retainage Receivable.
4. Click Save.

After you set up retainage accounts, map them in Configuration.