I am looking for info on how to handle retentions in Reckon Accounts. The help has a guide on how to
It says to set up a Retentions Receivable account as an Other Current Asset, then a retentions item and to put Retained Earnings as the items account. This cannot be right, surely the Retentions receivable account is the account for the retention item? Then when invoicing the retentions it says to add the $ value into an invoice for the customer using the retentions item, which creates a negative $ value that cant be changed. Anyone else have this set up and working properly?