We are looking to simplify our handling of retainage in SAP. Currently, we are entering two invoices for construction work. One for the amount being paid currently and one deferred as retainage. The "retainage' invoice is posted with a due date of 12/31/9999. Okay, so far so good. When the retainage is released for payment, the due date is changed from 12/31/9999 to the current date. Also so far so good. The complication comes in when there is a partial payment of retainage. In this scenario, we are creating two new invoices, one for the amount to be paid and one to be deferred, clearing the original retainage invoice.
Has anyone found a better, streamlined way to handle partial payments of retainage?
Thanks.
