Initially defaults a due date based on the specified payment terms. Enter the date this transaction is due for payment, or accept the default.

When releasing retainage, the system creates an invoice for the released amount. The invoice is subject to payment the same as a regular invoice; therefore, you must specify a due date. If you select the Release Retainage to Current A/R check box in AR Company Parameters, the system also uses the due date to age the retainage invoice.

Enter the due date manually or have the system calculate it. The system uses the specified release date and the Payment Terms you assigned to the selected customer in AR Customers to determine the due date. Override the default if desired.