If you use retention terms that are based on an invoiced amounts schedule, set up the progress amount retention terms.

Example

Retention schedule:

Amount from	Amount to	Retention percentage
0	500,000	8
500,000	800,000	6
800,000	9,999,999	4

Retention calculation:

	Progress bill amount	Total claimed amount*	Retention calculation	Retention
1	400,000	0	400,000 x 8%	32,000
2	200,000	400,000	(100,000 x 8%) + (100,000 x 6%)	14,000
3	100,000	600,000	100,000 x 6%	6,000
4	300,000	700,000	(100,000 X 6%) + (200,000 x 4%)	14,000
*Total claimed mount = The sum of the previous progress bill amounts.

Standard procedure

1.	Click Project management and accounting -> Setup -> Retention -> Progress amount retention terms.
2.	Click New and enter a description.
3.	On the Schedule pane, click Add line and fill in the fields.
	Note: You only can fill in the Amount to and the Percent to retain. The Amount from is automatically determined based on the highest entered To amount.