Adjust Retainage by Line Item in Portfolio Financials

When retainage is enabled for a contract in Portfolio Financials, both owners and vendors can adjust the amount retained by line item when submitting invoices.

• Required User Permissions:

  • 'Vendor' access to the project or higher.
    Note: Users with 'Vendor' or 'Limited' permissions must have access to the contract in order to adjust retainage.

1. Navigate to the relevant Contract Room by clicking the name of the cost item in the project's Cost Tracker.
   Note: Cost items with a Contract Room are marked with a ribbon icon.

2. Click the Invoices tab.

3. Click the invoice you want to adjust retainage for.
   OR
   Click Add Invoice to add a new invoice. See Add an Invoice in Portfolio Financials.

4. In the 'Retainage This Period' column, click Adjust.
   

5. Edit percentages in the 'Retainage' column as necessary.

6. Click Save.