Streamline your Retainage (Holdbacks) process with our efficient,
easy-to-manage system.
No more virtual shoeboxes stuffed with retainage records! Make your retainage system efficient and accurate, and built right into your payables/receivables process with Suite Engine's Retainage App for Microsoft Dynamics 365 Business Central.
Get your free, personalized demo today.
Advantages of Suite Engine Retainage
Most companies struggle to keep track of their retained payables and receivables. Do you have a paper-based system or something in Excel or another system that is painful to use? You need a fully embedded retainage system to automatically calculate, store, and track retainage while simultaneously allowing you to control when these retained payables/receivables are to be processed.
Suite Engine's Retainage Payables application allows you to review a list and manually release the payables or have the system automatically suggest retainage payments that are due.
Calculate your taxes correctly. Retainage (Payables) will calculate the retainage amount, including the tax. You will never accidentally pay these taxes early again!
Give your accounting department the ability to report retainage at any moment and let them review history at the click of a button.
Your accountants will be able to handle cash flow easily and will be able to provide auditors with all the details they need.
Suite Engine's Retainage Receivables application allows for managing multiple aspects of retainage on the receivables side, including:
- Posting sales documents with retainage
- Keeping retainage records in the retainage sub-ledger
- Releasing retainage
- Applying/un-applying retainage documents for retainage
- Reporting on outstanding retainage
Calculations on retainage taxes are done automatically for you - and they're done correctly!
Give your accounting department the ability to report retainage at any moment and let them review history at the click of a button.
Your accountants will be able to handle cash flow easily and will be able to provide auditors with all the details they need.
Automatically calculate, store, and track your retainage. Try a risk free, 30-day trial.
