An agreement is made when two parties agree to something. So, for example, a mother might make an agreement with her son not to kiss him in public because, after kindergarten, well, that's just not cool. If people's opinions are in , or match one another, then they are in agreement.
How to write a letter of agreement Title the document. Add the title at the top of the document. List your personal information. Include the date. Add the recipient's personal information. Address the recipient. Write an introduction paragraph. Write your body. Conclude the letter.
How to write an agreement letter Title your document. Provide your personal information and the date. Include the recipient's information. Address the recipient and write your introductory paragraph. Write a detailed body. Conclude your letter with a paragraph, closing remarks, and a signature. Sign your letter.
👉 Retainage receivable - The amount of retainage owed to a contractor, sub, or supplier from the project owner or GC. 👉 Retainage payable - Funds held by the general contractor or project owner that are owed to contractors, vendors, and subs downstream.
In proprietary funds liabilities are recognized when they are incurred, and do not need to meet the due and payable criteria established for governmental funds. As such, retainage should be recorded as a liability in new retainage account code 605 Retained Percentages, Contracts Payable in these funds.