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Collect a Retainer

Easily create retainers and collect retainer payments inside Alcove, improving cash flow and enhancing financial organization.

Valeria Albino avatar
Written by Valeria Albino
Updated over 10 months ago

To create a retainer, please follow the steps below:

In your project's left-side navigation, click on the Financials option, then Retainers.

  1. Press Create if it's your first invoice OR click on the plus icon to add a new retainer.

An empty state retainer is generated with your company details in the "from" section and client details in the "to" section.

Note:

You can edit the "From" section by updating your company details. To do so, click "Edit".

In the "To" section, you can:

Click Edit to update your client details

  • Click Change to update to a new client (Changing this contact will update your project's client contact.)
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2. Add a description, unit cost, and quantity to your retainer.

3. Toggle the options to add a payment link, signature, or notes to your retainer.

*To collect client payments through Stripe, set up your Stripe account.
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4. Preview your document and choose how you would like to share the retainer with your client.


​*To "Attach to Email" or "Authorize Docusign", be sure you have authorized those integrations for your account following the steps linked here.
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Note: After you download or send your retainer, each document is saved in the "Version History" section.

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