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Retention held back

n the building industry most large contractors keep a percentage of retention on the original quote from a subcontractor. This only gets paid to the subcontractor when the site is completed or anything up to two years after. So you invoice for a certain amount and they pay you the total less 5% retention that you can only claim in about a year. It would be great to have an option to reflect retention only outstanding on your books, apart from actual invoices outstanding per customer. It gets a bit messy when you want to chase retention in the future and their might also still be invoices outstanding due to the contract being over a certain period of time or the customer not paying the outstanding invoice.

The "due" button on the invoice also need to reflect if its actual retention due or the full/part of the invoice.

  • Magda Glynn
  • Aug 21 2020
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