Retainage

 

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.