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Nov 19, 2012 at 04:48 AM

Liquidity Damages

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Dear All,

Liquidity Damages (LD) are manually controlled and separate financial entry needs to be passed for penalty.

Also the LD deductions are appearing in the normal creditors account and the bifurcation of LD amount is not available separately.

Now I believe for retention we have a scenario where we can used the holdback and retainage and installment payment terms but for LD what do we need to do?

For the deductions appearing in the normal creditors we can have a SGL indicator used so that it sits in another reconciliation account is what I think. Please let me know your thoughts on this.

Thanks and Regards