# Project Billing: Retained Revenue **Category:** [Epicor ERP 9](https://www.epiusers.help/c/e9/7) **Created:** 2016-10-11 20:39 UTC **Views:** 923 **Replies:** 1 **URL:** https://www.epiusers.help/t/project-billing-retained-revenue/35777 --- ## Post #1 by @joerojas Hi All, E9.05.702A I'm a non-finance person about to ask a finance question so hopefully the answer can be dumbed down for me. :D We are reviewing the GL Control Code for the Project Billing type and are stumped by the account context "Retained Revenue". What is "Retained Revenue"? We are familiar with Retained Earnings but not Retained Revenue. Additionally, what would hit this account context with regards to project billing? Thanks all! JOE ROJAS Epicor Applications Manager VENTION MEDICAL + DESIGN & DEVELOPMENT Advancing Your Innovations For Health 261 Cedar Hill Street | Marlborough, MA 01752 DIRECT: 508.597.1392 x1625 | MOBILE: 774.826.9245 EMAIL: JoRojas@ventionmedical.com | WEB: ventionmedical.com THINK QUALITY. BE QUALITY. GO BEYOND. This communication may contain information that is confidential, proprietary or exempt from disclosure, and is intended only for the use of the individual and/or entity it is addressed to. If you are not the intended recipient, please note that any other dissemination, distribution, use or copying of this communication is strictly prohibited. If you have received this message in error, please notify the sender immediately by telephone or by return e-mail, and delete this information from your computer. --- ## Post #2 by @mjfwagner Joe I haven't actually found the transaction that debits or credits the retained revenue GL account but my guess is that if you recognized revenue with no cost (project retainer for some reason the project never went forward) and closed the project it would treat it as retained revenue (i.e. we get to keep this money even though the project was cancelled) Mark Wagner Sr. Partner Capstone Alliance Partners 888.597.2227 Ext. 71 <888.597.2227%20Ext.%20714>2 | 904.412.6847 (cell) | www.capstoneap.com --- **Canonical:** https://www.epiusers.help/t/project-billing-retained-revenue/35777 **Original content:** https://www.epiusers.help/t/project-billing-retained-revenue/35777