Retainer adjustments

A retainer can be reduced after it is invoiced and when is in draft status. If the full amount of the retainer is not applied to invoices, then you can create an adjustment against the original retainer. Here are some points to consider for adjustment:

• A retainer is reduced by the unapplied amount.
• The adjustment amount cannot exceed the open balance.
• An existing retainer must exist.
• When the retainer adjustment is invoiced, a credit memo invoice is created.
• The retainer adjustment cannot be applied to expense invoices.
• A retainer adjustment cannot be deleted if the original invoice is in a Processed status.