Skip to main content
Documentation
Documentation
Administrator Guide
Last Updated: 2025-09-05
Steps: Set Up Retention

Steps: Set Up Retention

You can set up retention to capture and track retention amounts using purchase orders and supplier contracts. When you retain a portion of the payment to a vendor, you can:
  • Specify the retention as a percentage of the purchase order or supplier contract.
  • Track how much is being retained per project.
  1. Configure the
    Retention Payable
     account posting rule for your company.
    The Retention Payable account posting rule identifies the retention payable account where you want to record a retention amount.
  2. On the
    Maintain Supplier Contract Types
     task, specify a
    Contract Type
     for retention. Select the
    Allow Retention
     check box to enable retention.
When you create a contract that allows retention, you can define the retention terms by specifying the retention percentage and estimated retention release date on the
Retention Terms
 tab.