A subcontractor/vendor is requesting a retainer from us. How do we log such a retainer payment in CORE that we pay out?
In CORE, you can treat a vendor retainer as an ordinary bill that has to be paid as usual. You can make the retainer payment to a vendor using a regular check from the Checks screen, which hits the Chart of Accounts directly. However, when the actual vendor bill arrives with details of this payment, you will not be able to create a vendor bill and tie it to this check. It has to be treated as a one-off bill that came in and was paid.