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would you like to celebrate doing the very last transaction of a contract well done well then this video will show you how to record receiving the final retention retainage payment hooray if you have any questions about this topic you can leave them in the comments section below and ill do my best to help you and of course if you feel the video helped you i hope you will click like and dont forget to subscribe to get updates on new videos that come out all the time there are two different ways to record receiving the final job retention or retainage payment the first method is the most simple one just use the deposit window lets imagine we sent the retention report to kirsh baums woodbury job on july 1 of 2018 as a request of payment like were billing the invoice for the dollar amount of the remaining retainage withheld and lets say they gave us a direct deposit and we can simply use the deposit window but first lets take a look at the dollar amount