We LOVE the idea of retention, whereby we can track separately the amount held back (typically 10%) until a large project is complete. Some projects can go on for years, so separating the retention out of AR to a Retention Receivables in GL that we can balance to would be an incredible asset.

Unfortunately, per current Sage Job Cost instructions, you can not use the Bill-to/Sold-to feature when billing retention--no explanation given. I found out why: the retention amount is tracked on the Bill-To account just fine, but when the Retention Invoice is generated and posted, it posts against the Sold-to account and there appears to be no way to clear the Bill-to account. Please allow a Retention Invoice in Job Billing to clear retention in the Bill-to account.

Most of our projects bill to a third party, such as a General Contractor. We could set up Job Cost linked to the GC account, but then don't have the links to the Sold-to customer location. Adding Bill-to/Sold-to functionality within Job Billing would be a tremendous help.

by: Julie B. | over a year ago | Payroll / Job Cost