Changing the next application for project retainer

When invoices are generated with the apply retainer option selected, retainers are applied if they have balances that are not on hold. Before invoices are generated, you can change the next applied amount or next applied percent on the retainer. You can also put the retainer on hold.

  1. Sign in as a Project Accountant, Project Administrator, or Project Manager.
  2. For Project Accountant, select Project Management > Project Contracts.
    For Project Administrator, select Setup > Project Contracts.
    For Project Manager, select My Project Contracts.
  3. Click the Contracts tab and open a contract.
  4. Click the Contract Project Funding tab and select a funding source.
  5. Click the Retainer Application tab and select a project retainer.
  6. Update the Next Applied Amount, Next Applied Percent, or Hold for the project retainer.
  7. Click Save.