How to add a Contractor Hold or Retainer

In this article, you'll learn how to set up a contractor hold amount. This feature allows you to withhold a certain percentage of a contractor's payment.

Step 1: Begin by navigating to Settings.

Step 2: Proceed to Contractor Subs.

Step 3: Find the subcontractor you're interested in.

Step 4: Click on Edit next to the subcontractor's name.

Step 5: Enter the hold amount in whole dollars.

Step 6: Decide on the percentage you wish to withhold. If you want to withhold the entire payment, enter 100%.

Step 7: If you prefer to withhold the payment in installments, enter the desired percentage, such as 10% or 20%.

Step 8: After making your selection, the next time you make a payment to that contractor,

Step 9: Navigate to the contractor payment section.

Step 10: Make the contractor payment.

Step 11: You'll notice a hold amount for the contractor.

Step 12: This hold amount can be deducted from the contractor's payments.