on 12-29-2007 9:12 AM
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
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
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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
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
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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.
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You can do it as a rebate agreement to be settled at the end.
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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
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