Powering Project Success with Deltek Vantagepoint 

Master Retainers: From Setup to Invoice

Retainers protect your business. They secure client commitment, improve cash flow, and create a foundation for smoother, more predictable working relationships. But only if you can manage them well.

Many firms collect retainers without fully understanding how to record them, track drawdowns, balance them to the general ledger, and apply them accurately to invoices. When retainer accounting gets messy, it creates headaches for finance teams, muddies your financial reporting, and can damage client relationships.

In this Deltek Vantagepoint Mini-Demo, Senior Consultant Jenny Labranche will walk through how to handle retainers from start to finish—making the process clean, predictable, and aligned with your firm's financial health.

We'll touch on things like:

• Recording retainers correctly when they arrive
• Reporting retainer amounts so leadership has visibility into what's held
• Balancing your GL to your sub-ledger without the guesswork
• Applying retainers to invoices with confidence
• Correcting retainer mistakes if they happen

Whether your firm is just starting to use retainers or struggling to manage the ones you have, this session will give you a practical playbook for handling them well—and understanding why they matter beyond just the cash.

Jenny will guide you through this short demonstration designed to turn retainer accounting from a pain point into a seamless operation.