Security Deposit Scenario

[former_member595900]

Hi All Experts,

Please guide me on this:

1) How to deduct Security Deposit at Invoice Posting (MIRO)

2) Security Deposit amount to be deducted only from first Invoice( Vendor Bill)

I have map this through Retention and Special g/l indicator, but the problem is:

If I maintains deduction percentage at PO header level then system deducts specified percentage amount from every bill in MIRO. Which I want to deduct only from first bill.

If I keep percentage blank in PO then I can maintain amount at MIRO but that is on Item level and it deducts tax too, which I want to dedcut at header level without taxes.

Kindly reply.

Regard,

SP.

[Former Member]

Hi,

If you don't want the system calculate tax on Retention amount, set the Tax Reduction indicator at Item level in MIRO. You can find this field just besides Retention Due Date.

You can also do customization by going in the following Menu Path

SPRO - Material Management - LIV - Incoming Invoice - Retention

Thanks

NR

[saurav_sarkar3]

Can you explain you process in more detail?

Is the security deposit something you have paid to the supplier upfront and want to reduce when the actual invoice comes in?

Normally we Down Payment functionality for what I just described.

[former_member595900]

Hi Saurav,

Thanks for your prompt reply.

Security Deposit is the amount which we have to deduct from Vendors first invoice and it is kept for one year, During that one year if the vendor provides satisfactory service then only we releases that security deposit to the vendor.

[Former Member]

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