Examples of Mapped Retainage Accounts

After you create retainage accounts, you must link the retainage accounts to invoice and accounts receivable accounts. The mapping process depends on whether you have one retainage account or multiple retainage accounts.

Example - Multiple Retainage Accounts

In this example, assume that you are posting invoice amounts to multiple Accounts Receivable accounts. You should set up a corresponding Retainage Receivables accounts.

If you have the following AR accounts	Set up the following retainage accounts
111.00 – AR Clients	116.00 – Retainage Receivable
111.01 – AR Labor	116.01 – Labor Retainage Receivable
111.02 – AR Expense	116.02 – Expense Retainage Receivable
111.03 – AR Units	116.03 – Units Retainage Receivable
111.04 – AR Add-ons	116.04 – Add-ons Retainage Receivable

Note that the values in the AR Column of the Invoice Mapping Accounts tab are user-defined on the Ledger Headings tab of Accounts Receivable Configuration and may be different for your company.

Following the example above, your Invoice Mapping Accounts tab would appear as follows: