Creating retainer adjustments

  1. Sign in as Project Accountant, Project Administrator, or Project Manager.
  2. Select Project Contracts.
  3. Select the Contracts tab and open a contract.
  4. Select the Project Funding tab and select a funding source.
  5. Select the processed retainer to adjust.
  6. Select Actions > Create Adjustment.
  7. Specify this information:
    Adjustment Amount
    Specify the amount of the adjustment. The amount must be specified as a positive number and cannot exceed the remaining amount of the original retainer.
    Description
    Provide a description for the adjustment.
    Date
    Specify the date for the adjustment.
    Payment Terms
    Select a payment term for the retainer adjustment invoice. If this field is blank, the payment terms from the funding source is the default.
    Invoice Format
    Select an invoice format for the retainer adjustment invoice. If this field is blank, the invoice format from the contract is the default.
  8. Click Save.