Retainage Invoices

[suryabpc]

Dear All,

Could anybody explain me the setups for retainage invoices in AP.

Here we are entering an ap invoice against supplier and 10% keeping as retainage and that will be paid after completion of the project

Regards,
Surya

[oteixeira]

Hello Surya.

Are you talking about R12 function?

Octavio

[suryabpc]

Hi Octavio,

We r in R12, i have defined retainage account in financial option in AP, and given retainage % in supplier terms tab, still iam not getting the retaimage amount.

[oteixeira]

Hello.

There is a good presentation showing all steps:

http://www.slideshare.net/OracleERP/r12-ap-new-features

Octavio

[suryabpc]

Thanks Octavio.

It's really nice doc.

-Surya