Insert Payment Field to the Retention Agreement

Aug 6th, 2022
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How to Insert Payment Field to the Retention Agreement

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would you like to see a better way of recording the last retainage payment well then watch this video and youll see a better way than what we did in the previous video for recording the last retention payment if you have any questions about this topic you can leave them in the comments section below and ill do my best to help you and of course if you feel the video helped you i hope you will click like and dont forget to subscribe to get updates on new videos that come out all the time in this video we will show the second method of recording the last retainage payment when its finally received by a client you see this method uses something called the retainage payment item now it only takes a moment to set up but it will give you more of what you need when you record receiving the last retention payment for a job using this method allows you to bill the client specifically for the last retention payment it will then add the invoice that you sent to the

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Use the T-code F-53 or go to Accounting Financial Accounting Account Payable Document Entry Outgoing Payment Post.
In the purchase order, you define a retention as a percentage of the purchase order value at header or item level. The system calculates the retention for an invoice item on the basis of this percentage, and proposes the retention amount that it calculates in this way when you enter the invoice.
Retention is the ability to keep back something. In SAP business process depending on the contracts between purchaser and vendor the purchaser has the authority to retain a portion of the payment for the vendor until the end of warranty period or any other condition agreed upon by purchaser and vendor.
In the purchase order, you define a retention as a percentage of the purchase order value at header or item level. The system calculates the retention for an invoice item on the basis of this percentage, and proposes the retention amount that it calculates in this way when you enter the invoice.
Retention is available at header and item level on the following SAP Supplier Relationship Management (SAP SRM) Procurement for Public Sector (PPS) document types: Purchase order. RFx. RFx Response.
Retention is the ability to keep back something. In SAP business process depending on the contracts between purchaser and vendor the purchaser has the authority to retain a portion of the payment for the vendor until the end of warranty period or any other condition agreed upon by purchaser and vendor.
Retention Process Configuration its Process Flow As a first step we need to Activate Business Function LOGMMFIP2P through T-Code SFW5 as shown in below screen. Choose Transaction Code MIRO and click on Details. Now provide document type at DType. Now we will create a Purchase Order using T-Code ME21N.
Tcode OMR4. Click on Document types in Invoice Verification tab. Select the MIRO transaction code line and display its details. The tab highlighted in yellow is where we maintain the document type for Retention process which will then flow while we are Invoicing the Purchase order.

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