When the contract is complete, you can release retention, creating a separate payable to the vendor for the amount held back.
On the Contract Information screen, you can view the total retention withheld for a contract. As you release retention or create new payables for the contract, the Retention Withheld field will update accordingly.
To release retention
On the Contract Information screen, click the Release Retention button. The Release Retention screen appears, showing the amount withheld for each detail line.
You can deselect the check box for each detail line that you do not want to include on the retention payable, or if you want to make partial retention payments, you can update the Release Amount fields; however, you must release any remaining retention before you can close the job.
When you are done, click Save. The screen updates to show the Payable Batch screen. You can now post the batch and pay the invoice.
On the Contract Information screen, a bubble appears on the contract header, showing the total amount of retention that was released and posted.
After you release all the retention for all contracts under the job, you can close the job.