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Feb 19, 2020 at 01:06 AM

Process to book retainage in SAP BYD

326 Views Last edit Feb 20, 2020 at 12:17 AM 2 rev

Hello Folks,

We have a client who has a requirement book retainage on A/R invoices.

The example is as follows:

For example, if a XYZ works on a $100,000 project with a ten percent retainage, then they will record $90,000 as accounts receivable and $10,000 as retainage due. Once the project is complete the Retainage due will become a receivable.

Regards,

Chintan