To add retainage information to a purchase order header

  1. Access Purchase Order Entry (PO20.1).
  2. Select a company that requires retainage.
  3. Click the Header button to access PO Header Options (PO20.2).
  4. Click Retainage button to access Purchase Order Header Retainage (PO55.3).
  5. Type the retainage information for the purchase order header.

    Use the following guidelines to enter field values:

    First Retainage Percent

    This is the retainage percent that will be used if the percent complete for the purchase order is less than or equal to the Up to Percent Complete Amount.

    Up to Percent Complete

    This is the percent complete value that determines when to use the first retainage percent or second retainage percent.

    Second Retainage Percent

    This is the retainage percent that will be used if the percent complete for the purchase order is greater than the Up to Percent Complete Amount.

    Retainage Due Date

    This is the due that will be used on the retainage payments. If blank, the system defaults the due date from the invoice to the payment record when the invoice was created.

    Track Percent Complete

    Select whether percent complete is tracked at the line level (1) or at the purchase order level (2).

    Override Percent Complete

    If there is value in this field, the match process uses this value to determine which percent to use for retainage.

  6. Select Change as the form action.