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Retention Amount to Invoice

I have a billing scenario in construction business,

Each billing document will have 5% as retention amount, being deducted by client on each invoice.

At the end of project 5% retention amount will be paid. I am planning to use billing plan .How can i bill the retention amount through billing plan?.

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  • Best Answer
    Posted on Dec 07, 2015 at 11:17 AM

    Hi srinivasan

    this not a construction industry related query . i think this is a generic scenario where an amount is kept as a retention amount against every invoice . This can be handled easily by using the payment terms for installment payments . Please consult your FI consultant to help you with this .

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