Creating retainer adjustments

Sign in as Project Accountant, Project Administrator, or Project Manager.

Select .

Select the Contracts tab and open a contract.

Select the Project Funding tab and select a funding source.

Select the processed retainer to adjust.

Select Actions > Create Adjustment.

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.

Click Save.