Hi Guys,
Hope you can help.
We need to be able to post an Invoice in SBO that has a percentage of retention on it. For example an invoice for £10,000.00 has a retention of 10% that cannot be collected for 1 year.
So I need the system to Post an invoice dated with todays date for £9,000.00 plus tax
I also need it to show an outstanding balance of £1,000.00 plus tax that is due in One Year from todays date.
How do I do this and how do I get it to post into an account that I know is for retentions only.
There must be a way of doing this as this is a standard practice within the Construction Industry.
I know under AR Invoice in the Accounting tab I can split the invoice into 2 installments but it then won't let me post it giving me an "date deviates from permissable range " error message
Any help is very very much appreciated (Demanding MD you see)
Thanks in Advance