How to settle retention amount

[Former Member]

Dear PS Gurus,

Good Day.

At current, we have separate GL for out project retention amount.

So every time we bill, we have open items in the the customer GL and open items in our Project retention GL.

Now we would like to settle all the retention amount since project will be closed already.

My questions is, how to settle the amount in retention and how we can clear the open items in our project retention GL?

Hoping for your positive feedbacks.

Thank you.

[former_member230675]

hope you are using condition type in the SO to record retention amount. In that case while posting the receipt of retention amount system should automatically clear it.

please check with your SD and FI consultants.