Costpoint Online Help

Bill Retainage on a Standard Bill

You can use the Manage Standard Bills to bill retainage on a standard bill.

Note: There must be a record in Open Billing Detail for the project that you wish to bill retainage. This is necessary because no bill is computed if there are no records for it in Open Billing Detail. If the project is complete and you need to bill retainage only, add a dummy record in Open Billing Detail at the charging level of the project.

To bill retainage on a standard bill:

  1. On the Calculate Standard Bills screen, calculate the bill with the Create Zero Retainage and Over-Ceiling Rows check box selected.
  2. On the Manage Standard Bills screen, click to bring up the billing.
  3. Highlight the retainage line and open the Detail subtask.
  4. On the Detail subtask, find a zero row. Enter the appropriate amount in the Retainage Amount column. If you want to bill retainage, enter this amount as a negative number.  
  5. If you created a dummy record, highlight that line and edit the amount to zero in the Detail subtask.
  6. Click the Recalculate button and save the bill.