What is retention money, and how does it work? Retention money, common in the building and construction industry, is money that is withheld from a payment and not paid in full until a job is fina...
Published 9 years ago
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HiJulie,
Our clients insist that the retention amount is taken out of the invoice, so I have to decrease my invoices 5 to 10% depending on the cotract. They want the invoice to match the payment claim form.
How would I enter this into MYOB?
I want to be able to see retentions that are outstanding on each job for each client.
Can you assist?
Thanking you in advance.
Betsy