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author's profile photo Former Member
Former Member

Retention - Seperate GL Account

Hi,

A billing document (invoice) is generated following the PR-PO process. The amount to be paid to the Vendor is 90% of the invoice amount immediately and the balance amount of 10% is retention and is to be paid only after satisfactory completion of the service, say 6 months. A payment term is created where the invoice is broken into separate line items - 90% and 10% and accordingly posted in Vendor account.

Now the case is that, the amount is not paid thru SAP. The amount is passed on to the legacy system from where the payment takes place.

The requirement is, the retention amount instead of going to Vendor account, need to go to a separate GL account. How can this be achieved in SAP?

Please revert.

Thanks,

M.R.Srinivas

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Oct 24, 2008 at 04:38 AM

    Hi

    As far as my knowledge goes, there is no direct option for the same.

    We need an enhancement to take care of this.

    As all payments can be made only to Vendor / customer in standard SAP, suggest

    1. create another reconciliation GL a/c called retention.

    2. configure a new Spl GL ID

    3. Create a new payment term for this

    4. Create a substitution for that line to change Posting Key and add this spl GL

    Hope this will help u

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 11, 2008 at 09:26 AM

    Hi,

    Please let me know if you have any solution for this, my client also wants to post the retention amount to seperate G/L account.

    Regards,

    Raja

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