Skip to main content
D
daylen-groundbre
April 8, 2022
Question

How do I set up a builder’s lien holdback at a certain percentage?

  • April 8, 2022
  • 1 reply
  • 0 views
Client has asked to have a builder’s lien holdback set up at 7.5% This means I take off 7.5% before taxes from each invoice, and at a later date re bill for the remaining amount.

1 reply

J
JamesM4
April 8, 2022

Hi there,

 

Thanks for connecting with us here. It's great to learn you're taking advantage of the powerful features in QuickBooks so you can streamline your accounting. I'll be glad to point you in the right direction so you can get the resolution you need in a timely manner. 

 

Making sure you're recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on how to set up a builder’s lien holdback at a certain percentage. If you're not in contact with a professional, don't worry, you can search for one using this link here.

 

I'll also leave this question open in the Community so other accountant users can share their advice. Otherwise, feel free to ask other questions, I've got your back.

 


 

Terms & ConditionsAccessibility statement