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US Retainage Tracking

US Retainage Tracking

$ 51.45 $ 51.45

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License: OPL-1, every download is watermarked.
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Compatible with Odoo 18.0 · 19.0
OPL-1 license · Odoo 18.0 & 19.0
US Retainage Tracking for Odoo — preview banner

US Retainage Tracking

Track and release construction retainage withheld on customer (AR) and vendor (AP) contracts

Track and release construction retainage withheld on customer (AR) and vendor (AP) contracts

Key Features

Retainage contracts - customer (AR) or vendor (AP),

Retainage contracts - customer (AR) or vendor (AP), with the contract value, the retainage percentage and the GL accounts used for the normal and the retainage portion.

Progress billings / retainage ledger - each billing

Progress billings / retainage ledger - each billing withholds a configurable percentage. Posting the withholding creates a genuine, balanced account.move that reclassifies the retained amount out of the normal receivable/payable and into a

Release schedule & release action - schedule the

Release schedule & release action - schedule the release at substantial completion, final completion or a fixed date, then post the release entry which reclassifies retainage back to the normal receivable/payable (or settles it straight to

Customer vs. vendor sign handling - the debit/credit

Customer vs. vendor sign handling - the debit/credit direction of every entry is derived from the contract side so AR and AP mirror one another correctly.

Roll-forward that ties - withheld minus released always

Roll-forward that ties - withheld minus released always equals the outstanding retainage, recomputed on demand with a single action.

Retainage aging / summary report - outstanding retainage

Retainage aging / summary report - outstanding retainage per contract with aging buckets based on the oldest unreleased billing.

Screenshots

US Retainage Tracking — Retainage Aging in Odoo

Retainage Aging

US Retainage Tracking — Progress Billings in Odoo

Progress Billings

US Retainage Tracking — Retainage Contracts in Odoo

Retainage Contracts

US Retainage Tracking — Retainage Releases in Odoo

Retainage Releases

Why Choose This Module

Construction contracts routinely withhold a retainage (a percentage of each progress billing) until substantial or final completion. That money is neither in normal accounts receivable nor accounts payable - it sits in a separate retainage balance that has to be tracked, aged and eventually released. This module manages the full life-cycle on both sides of the ledger.

Specifications

  • Compatible: Odoo 18.0 / 19.0
  • License: OPL-1
  • Languages: English
  • Author: Pokutsoft
  • Dependencies: account
  • Support: support@pokutsoft.com

Update date: 2026-07-02