The tried-and-true conventions of the construction industry show up in Sage Intacct yet again. Highlighted by the ability to retain amounts in Purchasing or Order Entry until released. If you’re still tracking amounts in spreadsheets, it’s time to look at something better.
Sage Intacct CRE gives you the ability to manage retainage in both accounts payable and accounts receivable, allowing you to deduct retainage from both vendor and customer invoices. You can also handle anticipated retainage on the line level of sales and purchase orders. Your reporting can show the retainage that has been held, released, paid, or is still owing.