Retention Payable in Reckon when we have to transfer the funds to a Trust Bank Acc
BRDCAccounts1
Member Posts: 1 Novice Member 
We need to deduct Retention from Suppliers Invoices which we do with an Item to the Liability Account. However, we now have to pay this liability into a Trust Bank Account due to new legislation in WA. Can anyone provide the process to on how to do this? Thank you
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Best Answer
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Hi There
Enter a Write Cheque (presumably, it's to to the Retention Trust Scheme ?) for the relevant amount, using this retention liability account to pick up the amount from there.
IMPORTANT: Do NOT use any tax codes on this as it's just a liability payment (like GST & PAYGW)
😊
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