Manages specific retainage percentages for project contracts within NetSuite, and track and report in real time the amounts billed, retainage withheld and retainage claims due.
Retainage for NetSuite eliminates -
- Delayed and incorrect billing to customers
- Paying for mismanaged billing and receiving
- Customer miscommunications and misunderstandings over retainage fees
- And, the time it takes accounting to correct mistakes or perform complicated calculations from manual processes
Start collecting the retainage you contractually deserve, on-time every time, and automatically track your balances and payment schedules with ease in NetSuite.