@dward1On a cash-basis, the Retainage is posting to income (under sales in the P&L). This is because of a shortcoming of QB. This is the simple video showing th...
I am considering switching to using an Income account for Retention at this point... But keeping track and ensuring accuracy of the retention we need to bill fo...
@RainflurryThank you for this explanation; however, I need some further guidance.1) As soon as you Debit Retention (Other Current Asset), it posts the amount to...
I went back and read the thread - these are Retention not Retainers. That is the question that is asked by the first user. Perhaps this set up is incorrect as w...
@RainflurryHoping you can help. We are on cash basis and are having the following issue: For invoices with the item Retention included, even when no payment is ...
