Creating Retainage Invoices

After some additional time has passed, work is completed, all invoices have been generated and the customer is satisfied with the work, you can go back to the Invoicing Assistant to generate invoices for the retainage amount. Note that to set a new retainage amount the retainage percentage under the Invoice Open Billing ticket must be greater than 0%. 

In our continuing example, if you return to the Invoice Assistant, locate opportunity #3016, and select it, the Invoice Open Billing screen will be reflected as follows:

Earned revenue does not match the original (estimated) amount, because the work was completed in less time than originally estimated. The Amount to Invoice shows as a negative number ($-407.38). The only amount remaining to be invoiced is the retainage of $489.95^a.

To add the retainage invoice, click the Add Retainage Invoice icon^b to display the Set Invoice Date and Amount screen allowing you to specify the amount to invoice for retainage as depicted at right. Once you have entered the appropriate date and invoice amount, you should click the Save icon^c.

Aspire will create the invoice batch and display it on the Batch screen allowing the you to complete the batch.