HI is it possible to get supplier retainage to appear on the remit? Also, I understand that retainage is defined at the PO level, but is it possible to hold retention on the invoice level?
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Hi
There is option to update the retention amount in Purchase order & this amount will create as different installment in the final invoice once user match with purchase order.
- RMB on PO & select payment schedule.
- select the pay schedule line type as ‘Retention’, retention % or amount and due date. Refer below screen preview for easier reference.
- Then follow the normal GRN procedure and match the PO with invocie
- Then it will create 2 installment for same invoice. (different installment for retained mount with due date mentioned in PO.)
- User cannot authorize that installment for payment until PO retention line approved by respective user
Hope this information would be useful.
Best Regards
Narmada
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