[JB] Release Retainage in Job Billing

To release retainage in Job Billing:

1. Go to Job Billing > Programs > JB Progress Billing.

2. Create a new progress bill (do not use JB Bill Initialization). Enter the Bill Month and type N or + in the Bill Number field.

3. Use the JB Release Retainage form to create the retainage release.

This moves retainage from the retainage column to open invoice amounts on AR Aging reports (if Release Retainage to Open AR is enabled in AR Company Parameters).

2. Tab past Bill Number and enter the Invoice Number if it doesn’t auto-fill. 

3. Tab and enter the Contract Number; the Customer Number will auto-fill from the JC Contract. 

4. Update the dates and any other required information on the Info tab. 

5. Save and close the form

6. Go to Job Billing > Programs > JB Release Retainage

7. JB Release Retainage should default to the new bill. If not, enter the Bill Month and Bill Number and tab off. 

8. Choose Release by: Contract or Item.

• Release by Contract: Enter an Amount Released or % Released.

2. Click Update

Release by Contract:

1. The system warns: “This action will release retainage for all items on the bill.” Click OK.

2. A confirmation appears: “Release Retainage has been applied successfully.”

3. The same retainage percentage is applied to all items in the grid.

Release by Item:

1. The lower grid opens.

2. Enter % Release or Amount Released for each item individually.

3. Ensure the Amount Released is the same sign and less than the Open Retainage.

4. Print Job Billing reports to view the updated retainage amounts.

5. Use JB Interface to post the released retainage to AR and Job Cost.

Note: The Update button is only used when releasing by Contract, not by Item.