ERP Internals/Glossary/Retainage
< ERP Internals | Glossary
An amount (usually a percentage) not paid for a specified number of days when the invoice is paid. Retainage allows the customer to verify that the workmanship is satisfactory.
An amount (usually a percentage) not paid for a specified number of days when the invoice is paid. Retainage allows the customer to verify that the workmanship is satisfactory.