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How are retainers entered into ACCOUNTS RECEIVABLE?

April 26, 2017Accounts receivable retainers

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How are retainers entered into ACCOUNTS RECEIVABLE?

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Use the INVOICING program in ACCOUNTS RECEIVABLE. On the input screen (the second screen of the invoice, after the header screen), Option 3 allows you to enter the proper retainer amount. You can also use the TRANSACTION INPUT program, using a transaction code of 6 for RETAINER.