Enter the percentage of each bill for the job that will be withheld as retainage. Sage 50 will automatically use the value in this field when this job is billed in Sales Invoicing or credited in Credit Memos.
Note: This field will not be visible until you create a general ledger account with Account Type of either Payable Retainage or Receivable Retainage. Tell me more about setting up Sage 50 to handle retainage.