Hi,
Can anyone let me know what the best way to record retention is? I just started doing accounts in Construction Industry and would appreciate any help.
Thanks.
Miss Sage
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Book-keeping for retention
- brucedenney
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- Posts: 4631
- Joined: 28 Feb 2006, 09:56
- Sage Version: v28 UK/Europe/Africa
Create a balance sheet account for it.
Retentions sit in there until they get paid (or are written off)
Retentions sit in there until they get paid (or are written off)
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