Introduction to Retainage (Payables) by Suite Engine

What is Retainage (a.k.a. Holdback) ?

Retainage (a.k.a. Holdback) refers to money slated for a project that is withheld until the client deems the work substantially complete and confirms that the contractor has satisfied the contract. It is meant to protect the client's investment in the event that a construction project runs into major problems.

How do we assist you?

Retainage (Payables) by Suite Engine is an application for Microsoft Dynamics 365 Business Central. It allows for managing multiple aspects of retainage on the payables side including posting purchase documents with retainage, keeping retainage records in the retainage sub-ledger, releasing retainage, applying/un-applying retainage documents for retainage, and reporting on outstanding retainage.

Note

The application works for the system "Base" (domestic) currency only. This W1 Help File version is applicable to United Arab Emirates, Australia, Great Britain, New Zealand and more. For Help Files applicable to the US and Canada visit https://docs.suiteengine.com/retainage-payables/en-US/_site/articles/Introduction%20to%20Retainage%20(Payables)%20by%20Suite%20Engine.html For Retainage Receivable Help Files, click https://docs.suiteengine.com/retainage-receivables/en-UK/_site/articles/Introduction%20to%20Retainage%20(Receivables)%20by%20Suite%20Engine.html

• There is only 1 version of Retainage Receivables Help Files (and 1 vesrion of the software)