April 1, 2021

Learn How Easy It Is to Calculate Retention Using Payapps

Payapps is designed to improve collaboration between subcontractors and builders, especially when it comes to payment applications. We also make it super-easy to store all your contract and compliance information in one place and integrate with your favourite accounting packages like QuickBooks MYOB, and Xero. In this quick video, we'll show you just how easy it is to calculate retention using Payapps. You'll see how main and subcontractors can:

  • Easily keep track of retention being withheld in the current claim cycle and withheld to date
  • Easily set up and understand you contract
  • Stop manually calculating how much retention to withhold
  • Understand retention release triggers and how they’re withheld and released
  • See the impact of variations on retention
  • Submit and confirm retention releases

Ready to use Payapps to manage your own retention?

If you’re interested in Payapps and want to understand how it could save you time and money, book an obligation-free demo with us today.

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