Valley of the Sun, Phoenix, AZ

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Holding retention on TPT, how to adjust Sage 100 Contractor

  • 1.  Holding retention on TPT, how to adjust Sage 100 Contractor

    Posted 09-23-2022 17:35
    Hello, I am new to this state and TPT. In my last GC job we did not have sales tax so this never came up. It appears Sage does not calculate the retention on the TPT tax on a progress billing invoice. I'm wondering if a) anyone knows how I can change this or  b) are we supposed to be holding retention on the TPT tax?

    We've had clients tell us to hold retention on the tax portion as well so I'm sure we are supposed to be doing that, but why does Sage default to not do that?

    Thanks!

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    Camille Darney
    Senior Accountant
    Service Direct Landscape
    Phoenix AZ

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