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Former Member
Sep 30, 2008 at 09:56 AM

retention of certain percent of amount to vendor at the time of doing MIRO


hi ,

Is there any provision for retention of certain percentage of amount to vendor at the time of doing MIRO.

I will make a PO pertaining to services and after accepting the PO quantity in service entry sheet and doing MIRO for the Service entry sheet or PO in MIRO i want to retain against vendor certain amount of percentage of total invoice amount so that my postings should be Cr Vendor (Total Amount - Retention Amount), Dr Gr/IR Account, Dr Retention Account. But these postings i can do by selecting G/L account. I want to release this retention money after completion of Guarantee period or assurance period given by the vendor.

But i want to the system to post it directly while posting the invoice, is there any possibility of doing customization for the above scenario such that system has to calculate the retention amount and to post the account accordingly.

with regards