A/R -- two senarios...Urgent please

Question

Hi gurus...
We are finding it difficult to map the following scenario in FI (Accounts
Receivale) module  in standard SAP :
1. While doing progress billing to our customer we have to adjust 10 % of
each bill value against advance (down payment) received from customer.
2.Also 5% of each bill value is to be treated as retention money which will be
paid by the customer at the time of full and final settlement after
successfull completion of job by client.
Pl give your comments at the earliest. Presently we are doing such
transactions through JVs which involve lot of manual entries. Pl suggest
whether there is any provision in standard SAP to pass such entries
automatically without manual JVs.
Thank you ,
Dasharathi

Answer 1

Hi,
After posting Customer Invoice, through F-32 process Advance adjustment transaction by residual clearing where you can give whatever the percentage of advance to be adjusted.
For creating retention deposit, you can create instalment payment terms, in that you can do retention amount seperate line item, at the end of contract all line items can be cleared.
Try once and assign points if useful.
Sarma BH