Claim Level Retainage allows users to retain monies from the remittance for future costs expended on this claim.
Click the
box to bring up the retainage
options.
Note: If the box is grayed out, this option is not allowed on this account. The client has to be setup with type 2 or 3 accounting arrangements allowing claim level cost funds. To set the retainage for type 1 accounting, see Retainage.
To retain
all Costs that have been Recovered from debtor payments for future cost,
click the button next to this selection.
To limit
the funds retainage
to a specific amount, click the button next to this selection and enter the maximum amount
of retained funds in the box.
Next select
to retain these funds from either Cost Recovered only or Client Proceeds
from debtor payments and Cost Recovered from debtor payments by click
the next to your selection.
Click the
button.
Note: These retainage settings will only effect this claim.