Open topic with left hand navigation
Proliance enables you to manage retainage on your contracts and change orders. The retainage settings that you specify on the contract affect the retainage-related columns on the Line Items page of all invoices that you subsequently create against the contract and its change orders.
Proliance provides a number of ways to manage retainage. You can manage retainage at a summary level for a given contract, where the same rate is applied to all line items in the contract. Or, you can set Proliance up to allow different retainage rates on different line items on the contract. In both scenarios, individual line items can be exempted from the retainage calculations if desired. See Managing Retainage for further details.
Proliance allows for different rates to be used on Stored Materials, if the stored materials option is enabled on a contract.
Proliance calculates retainage as a percentage of the This Invoice General Amt column on a pre-commit invoice, or the Scheduled Amt column on an auto-commit invoice. This percentage is shown in the This Invoice Retainage General Pct column.
Proliance allows you to manually set retainage as well, for such things as releasing some or all previous retainage, or updating retainage rates that may have been incorrect. After a manual adjustment has been made, you can still update the invoice progress on the invoice. Proliance will apply the change in the retainage to the manually set values.