on 09-15-2008 8:57 AM
Hi All
can any one let me know process to set up retentions
Thanks & Regards
phaneendra
Hi phaneendra Reddy,
Now i come to know
Your asking about
retention is nothing but in sap retain earning
set up process of Retain earning
Retention menas forward the amount from P&L to Balance sheet
Regards
Surya
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Hi
Retention is nothing to do with retained earnings.
What is Retention?
Retention Sum is a certain percentage of the amount payable that is withheld when paying the normal vendor invoice. The retained amount will only be paid later on when certain condition is met. A special G/L account will be created to track the sum for each vendor.
What is Retained Earnings?
In accounting, retained earnings refers to the portion of net income which is retained by the corporation rather than distributed to its owners as dividends. Similarly, if the corporation makes a loss, then that loss is retained and called variously retained losses, accumulated losses or accumulated deficit. Retained earnings and losses are cumulative from year to year with losses offsetting earnings.
I hope the above will clear your doubts
Regards
Sam
Hi phaneendra Reddy
I didnt get ur requirement
tell me clearly i shall update
Regards
Surya
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any help?
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