WennSoft Job Cost: Subcontractor Retention

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Are you currently going through the painful manual process of tracking withholding amounts from Subcontractors during a Project? Then you have to key in each invoice again? There is a module in WennSoft Job Cost that integrates with Microsoft Dynamics GP Payables that can drastically improve this manual process.

When a Job is created, a Vendor can be linked to it as a Subcontractor. A withholding rate can be defined on a per Job/per Subcontractors basis. As Accounts Payable invoices are entered into Dynamics GP, only the amount payable gets posted, leaving the withholding amount in another table, Subcontractors Retention (see below). Invoices can also be overridden to not deduct a Withholding amount if necessary.

When the Job is complete and the Retention amounts can be released, it’s as simple as ticking the boxes beside the invoices, and click Process ! This creates the Accounts Payable vouchers ready for posting and payment without double entry of the same invoice !

 

WennsoftSubcontractorRetention

 

 

For more great Microsoft Dynamics GP tips, tricks and software tutorials, visit our You Tube channel and review our playlists.

  • Microsoft Dynamics GP Administration Tutorials
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  • Receivables Management in Microsoft Dynamics GP
  • Payables Management in Microsoft Dynamics GP
  • Security and Microsoft Dynamics GP
  • Microsoft Dynamics GP Home Page Tips
  • Microsoft Dynamics GP General Ledger Tips & Tricks

BDO Solutions is a national firm with local practices throughout Canada, a Microsoft Gold Certified Partner and Reseller of the Year in Canada for 2010, 2011 and 2012.

By Kristina Kalinowski, Solutions Consultant, BDO Solutions, leading Canadian Microsoft Dynamics ERP & CRM Partner.

 

 

1 thought on “WennSoft Job Cost: Subcontractor Retention”

  1. What would cause all of your jobs in job cost to be inactive? I think someone has run and routine or clicked something that inactivated every single job in job cost. Need help, please. THX

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