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1
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Open 3-7 Progress Billing. |
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2
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Select the last Application (with status 3-Posted) for which you want to release retention, and click the Next button located at the center bottom of the window. |
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3
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To the message, Reminder: A new record will be created and this one will become Closed. Do you want to continue? click Yes. |
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4
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Note the amount in the Total Retention field. |
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5
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On the Update menu, click Release Retention. |
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6
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To the message, This will reset all retention rates to zero and recalculate the application. Do you want to continue? click Yes. |
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7
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On the Calculate Grid window, choose a method to calculate the Progress Billing and click [Calculate]. |
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8
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On the File menu, click Save. |
Then, release the retention in accounts receivable.