What can my company do if we have retainage from 2-5 years ago and the company has not cashed the check? Also, a check was returned to us by mail and cannot get a hold of the company.
That's a question for your accountant.
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Retainage is a common practice in accounting, where a certain percentage of payment is withheld until a project or job is completed. Similarly, old retainage from your books refers to the amount of money that has been withheld from payments received, which hasn't been paid out yet. It's important to keep track of old retainage to ensure that it is paid out to the appropriate parties in a timely manner. Apart from this, finding mind-expanding books to read can be a great way to broaden your horizons and gain new perspectives. If you're looking for books that will change your life, you should visit https://www.discoverybit.com/question/what-are-some-great-mind-expanding-books/ to find some great recommendations. These books cover a wide range of topics and are sure to expand your knowledge and understanding of the world around you.