Acumatica Construction • Retainage

Construction Retainage Management in Acumatica

Track Retainage, Releases, Billing, and Financial Reporting in One System

Retainage affects billing, cash flow, project accounting, and financial reporting.

Acumatica keeps retained amounts, releases, and related project information connected within the same ERP system.

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Retainage Basics

What Is Retainage in Construction?

Retainage is a portion of a progress payment that is withheld until a project reaches a defined milestone or completion. Retainage terms can apply to amounts billed to a customer as well as amounts owed to subcontractors, depending on the contract and project requirements.

1
Customer Retainage
Amounts withheld from progress billings.
2
Subcontractor Retainage
Amounts withheld from subcontractor payments.
3
Retainage Release
Partial or final release when contractual requirements are met.

Acumatica Retainage

Manage Retainage in Acumatica

Retainage Setup
Configure retainage percentages and related project or contract requirements.
Billing & Releases
Track retained amounts and process partial or final releases according to contract requirements.
AR & AP Visibility
Keep customer and subcontractor retainage connected with related project and financial activity.
Reporting
View retainage balances and related project information alongside construction financial reporting.

How It Works

How Retainage Moves Through the Process

Progress Billing
Retainage Withheld
Release Conditions Met
Retainage Release
Payment

Retainage balances are tracked and reported throughout the process.

Construction Accounting

Retainage Is Part of Construction Accounting

Retainage does not sit on its own. It connects with progress billing, job costs, change orders, cash flow, accounts receivable, accounts payable, and financial reporting.

See How Retainage Fits Into Construction Accounting

Retainage connects with billing, job costs, cash flow, and financial reporting. Explore Acumatica Construction Accounting to see how these processes work together.