Is there a way to clear closed items in GL Accounts? We hold retention when we pay subcontractors until projects are complete. Therefore, when we record their invoices we are debiting the full expense and crediting AP for what we are paying them at that moment, and crediting a liability account for Retention Due to Subcontractors for the 5-10% we are holding contractually until the project is done. 

I would like to be able to clear the line items that we have retained then paid, leaving only uncleared items open. In SAP I was able to clear open items in GL accounts.  Cannot find out how to do this in QB. Please advise.