All Product Updates
Sep. 03, 2025

Retainage and Hold Backs

Track retainage for both customer invoices and vendor bills! Retainage allows you to hold back a percentage of the payment until a milestone is met or the job is complete, giving you more financial control over your projects.
  • Navigate to Settings and toggle on Retainage in the General tab.
  • Set your default percentage, cost code, and cost type.
  • Adjust retainage per job or override settings on individual invoices or bills.
  • Use the Retainage Cost and Retainage Price columns in the budget to quickly see which items have retainage applied.
    • Retainage amounts are tracked in the budget using a dedicated cost item, and are reported on in your Income Report and Cost by Vendor report.
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