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What is the best way to enter the retainage opening balance (from legacy system)? These are project related retainage.
As far as I know, you have to load in AR Invoices and let them post to the General Ledger to get Retainage to populate on the projects. But you could load in summary AR Invoices (one per project) with totals. Since you have to post to the General Ledger, do this before you load your Trial Balances.
Just make sure you check Apply Retainage and populate the Retainage Amount field. Or populate Retainage Percent and let it calculate Retainage Amount for you.
You can even do this with an Import Scenario if you want.
@timrodman Is this possible in Migration Mode for my cut-off point open AR? My Apply Retainage button disappears and my import scenario breaks on bills with retainage when I apply the above to the scenario. I have a good GL trial balance so I need in migration mode to avoid duplicating. Thanks!
@rbrink I don't think it works in Migration Mode because AR hits the GL in order to hit the Projects module.
Thanks Tim.