Hi Community,Could someone explain how warranty retention (retainage) is handled in IFS Cloud from a Finance perspective? Customer side (Accounts Receivable) Does IFS create a specific ledger item and GL posting type for the retention amount when the customer invoice is posted? Supplier side (Accounts Payable) Is there an equivalent posting type / account for retention payable on supplier invoices or sub‑contracts? If these postings exist, what are their standard codes (e.g. RET_AR, RET_AP) and where do we activate or customise them? Any pointers to the relevant screens or setup steps would be much appreciated.Thanks!

Warranty Retention / Retainage – Which finance postings are used in IFS Cloud?

Hi Community,

Could someone explain how warranty retention (retainage) is handled in IFS Cloud from a Finance perspective?

Customer side (Accounts Receivable)
- Does IFS create a specific ledger item and GL posting type for the retention amount when the customer invoice is posted?
Supplier side (Accounts Payable)
- Is there an equivalent posting type / account for retention payable on supplier invoices or sub‑contracts?
If these postings exist, what are their standard codes (e.g. RET_AR, RET_AP) and where do we activate or customise them?

Any pointers to the relevant screens or setup steps would be much appreciated.

Thanks!

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