Retention Payments Report (#703)
Retention Payments Report (#703)
Lists all retention payment deduction transactions for either suppliers or customers for a transaction or date range.
For Suppliers
Select this option to list retention payment deductions for suppliers.
For Customers
Select this option to list retention deductions for customers
Account Code
Click on the 
to select or enter the customer or supplier account code here to limit the report to a particular account.
Leave blank to include all accounts.
Category
Enter the category code here to limit the retention deduction list to a particular category of customer or supplier. Leave the category blank to include all accounts.
Select
a summary version of the report to list account and payment totals only.
IMPORTANT!
The retention rate shown alongside transactions is the current rate of retention applicable for the listed
accounts. You should print your outstanding retentions reports before updating retention rate changes
for customer or supplier accounts.
Hints & Tips
The GROSS PAYMENT is the total payment including the retention deduction. This lists the total number of payments associated with retention, but not the total number of payments assigned to the customer or supplier. Unallocated payments, or payments relating to transactions that do not incur retentions may not necessarily be included in this total.
The message "*** Attention: retention deductions has not been fully allocated" may appear on the report if the retention adjustment has not been completely assigned to outstanding invoices or other transactions. While it does, on occasion, make sense to have unallocated payments in the system, it generally doesn't make sense to have unallocated retention deductions. (In other words, why try to deduct retention when you have not completely indicated which transactions the retention is to be deducted from?). This warning message reports that there may be information missing from the system, that may be needed in order to complete the report.
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