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Retention in Billing Document

former_member661593
Participant
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Hi,

I have a billing scenario in construction business,

Every month billing will take place on a particular date based on the %age completion certificate received from the client.

Eech billing document will have 5% as retention amount, being deducted by client to be shown on invoice.

At the end of project this 5% retention amount is being returned by the client.

I want inputs on how this scenario may be mapped in SAP?

Thanks & regards

Suman Jha

Accepted Solutions (0)

Answers (4)

Answers (4)

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Hi Suman,

I am sure by this time you would have found a solution to your question of advance and retention handling. Could you share the solution ?

Thanks & Regards,

Munir

Former Member
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Dear All

I have found out the solution for that. Please find below the link whcih will be very useful for that.

http://bamul.freeblog.hu/files/Release_notes_MM_FI_Integration_EHP4.pdf

Regards

Rajaram

Former Member
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Hi,

If I understood correctly...this requirement is related to revenue recognition where the revenues are actually recognised based on certain events or dates ...let me know if it meets your requirement.

Please see following link

http://help.sap.com/saphelp_erp60_sp/helpdata/en/ff/f8e07662884401b205b387642e4e0c/frameset.htm

Let me know if it is the same...

Regards

Arya

Edited by: Arya Achalam on Jan 14, 2010 4:53 PM

Former Member
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Dear Mr. Sumankumar Jha,

We have the same business scenario and implementing SAP.

If you have fixed the issue, may I request you to please share the solution with me?

Best Regards,

ROI_SAP.

Former Member
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You can do it as a rebate agreement to be settled at the end.

former_member661593
Participant
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Hi Ashish,

Through rebate agreement, client's money may be hold till the final settlement.

But here requirement is just opposite.

It is the client who is holding this retention money (getting every month by deducting 5% from billing), which needs to be returned to the construction company at the end of this project.

Regards

Suman

Former Member
0 Kudos

Hi Suman,

I have seen some posts by you on the same topic in SDN, have you tried the suggestions given by other members?

Regards

Arya