Payment Retention

Hi Guys,
Hope you can help.
We need to be able to post an Invoice in SBO that has a percentage of retention on it. For example an invoice for £10,000.00 has a retention of 10% that cannot be collected for 1 year.
So I need the system to Post an invoice dated with todays date for £9,000.00 plus tax
I also need it to show an outstanding balance of £1,000.00 plus tax that is due in One Year from todays date.
How do I do this and how do I get it to post into an account that I know is for retentions only.
There must be a way of doing this as this is a standard practice within the Construction Industry.
I know under AR Invoice in the Accounting tab I can split the invoice into 2 installments but it then won't let me post it giving me an "date deviates from permissable range " error message
Any help is very very much appreciated (Demanding MD you see)
Thanks in Advance

Hi Sean,
if the first instalment of your invoice is posted & due in January 2009 & the next in January 2010 & you have monthly periods, your period for January would look something like this:
Posting Date From 01.01.2009 - 31.01.2009
Due Date From 01.01.2009 - 31.01.2010
Document Date From 01.01.2009 - 31.01.2010 (ask the accountant about this one)
You need to expand the due date range of the posting period to include the due date of the second instalment.
You will find a lot of info about how dates work in the application in the EES 'Dates in SAP Business One 2005A SP01', which can be accessed from [here|https://psd.sap-ag.de/PEC/calendar/]. Type 'Dates' in the keyword search, select SAP Business One & tick 'Archived sessions only'.
All the best,
Kerstin

Similar Messages

  • Retention field is missing on Payment Processing Tab - Purchase order

    Dear Experts,
    I have configured retention and also activated the switch LOG_MMFI_P2P ..Payment processing tab is now appeared in PO but Retention field is missing. Please check below screen shot.
    There are many posts related to Retention config, i have already checked and but none is suitable for my problem. PLease help.
    Regards,
    rohit

    there is a differences in Dev & QA as follows
    In dev field is Retentions
    In QA field is Payment retention
    M i missing somethin in config?
    Plz help

  • Vendor deductions & Clearence

    Hi
    I am a non finance guy and need guidance from yourselves how to proceed in the below mentioned matter. 
    I have work order for a Contractor vendor for whom TDS deductions, advance payment, retention is applicable.   I have used the (split)payment terms for the Retention part and it is splitting in MIRO, TDS i am able to achieve for both the payment lines in MIRO, and advance also I am able to link to the work order.
    Now my query is how do I transfer the 5% splitted amount to some other account from the vendor outstanding? I also have two other manual deduction heads from the vendor outstanding after MIRO has been processed, 1) Electrcity charges the vendor consumed for the period and 2)  Miscellaneous expenses for other usages. Now vendor shoud be paid less amount than the amount  which is cleared in MIRO.
    Can you help me how I can achieve this?  This will help me to a great extent as i have no finance help avaialble immediately.
    Thank you
    sam

    Hi,
    You can transfer the vendor line item to other GL account via F-51.
    Where you select the vendor open item to be cleared and then post the contra amount ot the target GL account.
    Regards,
    SDNer

  • Document splitting for retention on the basis of payment terms.

    Hi Colleagues,
    I have a vendor and customers where we have retention, current and advance account for it.  Now here we have only one reconciliation account facility against one vendor/customer but I want to see all these three entries seperately in vendor/customer account.
    As I know in ECC6 on the basis of payment terms we can split a entry while it is getting posted to vendor or customer account.  Can you please guide me how to proceed in doing its configuration.......
    Thanks in advance,
    Ketan
    Edited by: Ketan Pendse on Nov 26, 2008 7:32 PM

    Hi,
    In addition to the answer already given,if this is only for 30 days :-
    1.If you r using automatic credit control then automatic credit control setting you can assign 30 days of credit and in the blocking you can define it for delivery.
    Reward points if helpful.
    Regards,
    Amrish Purohit

  • Retention Payments via FI and/or MM

    Hi,
    I am looking at retention payments via FI and MM. I managed to understand the steps on FI creating a special GL and map it to my vendor reconciliation account to be able to have a list of retention payments. I also created a Instalment Payment term and assign it to the vendor.
    but ..
    Is it possible to pay the vendors via MM using MIRO, with special GL's? If so? How do I do this.
    Annelize

    Hi
    Payments are not possible with MIRO transaction. Using MIRO we only post invoices that can be paid to the vendor using other finance transactions like F110.
    Thanks & Regards
    Kishore

  • Advance Payment and Retention Money adjustment.

    Dear Friends,
    Pls guide me in the following scenario.
    The scenario is that one very large construction co using SAP. And its sub contract within its different plant in the same co code when he got any new projects. Now the co using down payment or say advance payment and retention money  condition. In the billing document every time I want 10% advance to be settled & 5% retenssion amount to be minus. This will be mapped through a GL for with special indicator A. But where will I maintain the details like % deducted every month? Is there any condition record for this FSZW Condition type( down payment) or this is defined by FI?
    Regards
    Atul

    hi,
    try with installment - payment terms.
    This sould help you.
    Thanks,
    Sujai C

  • Payment terms with Retention

    Hi friends,
    i am facing problam with retention payment terms
    payment terms
       1  10% Advance ,10% Retention &balance 80%
       2   5% advance ,10% retention & balance 85%
    how can i ll map in SAP sytem and also i need retention Report . (like in MIRO BADI)

    ok

  • Payment Term - Advance & Retention

    We have a requirement.  We need to define a payment term as follows:
    5% Advance, 90% Payment, 5% Retention
    In the above case, should I define it as an installment term with 5%, 90%, 5% slabs ?  Please advise what is normally done for this type of payment terms.

    I want to create a payment term as follows:
    100%, 45 Days on Invoice Date.
    I created a payment term and put 45 days in the 'fixed day' field in the "Base line date calculation" column.  However, while posting an invoice, the system is not calculating the 45 days for the due date from the invoice posting date.  I am expecting that if an invoice is posted on 1.10.2011, the invoice due date should be 15.11.2011.  But the base line date is displayed as 01.10.2011 ony.  Am I doing the setting correctly ?

  • Retention amount/ payment term

    Hi Sap Gurus ,
    I have a request from the client to configure , retention amount from vendors
    Can any one please xplain the configuration steps for the business process mentioned below .
    Cost of the COntract 100000 thousand , to be executed in four months
    At the end of 1st month invoice received for payment 25% of the contract amount
    At the end of 2nd month invoice received for payment 25% of the contract amount
    At the end of 3rd month invoice received for payment 25% of the contract amount
    At the end of the contract invoice received for the final payment of 25% amount
    THe business requirement is ,THe client wants to retain 10 % of every invoice(2500 per invoice ) and make the payment after six months ,starting from the end of the contract, that is at the end of 10th month from the contract start period .
    Request you all to please provide me a solution on the above
    Regards
    Vik

    Hi Vik,
    You need to configure 3 terms of payment for this purpose.
    Tcode: OBB8
    Z001   Main terms of payment which you will enter at the time of posting.
    In this terms of payment, you should flag the "Installment Payment" Checkbox.
    Z002   Immediate or X number of days from the posting date or document date as the case may be in your situation for 90% of the amount.
    Z003   After six months from the end date of the contract for 10% amount.
    Now Goto TCode: OBB9 and give new entries as follows:
    Payment Terms    Installment   Percentage   Payment term
                   Z001                   1                90                Z002
                   Z001                   2                10                Z003
    In case you dont want to give it in the number of days,  you can also specify it in the form of fixed date+additional months in the OBB8 while configuring the payment terms..
    Hope this answer helps you.  Please assign points if found useful..
    Regards,
    Sreekanth....

  • Changing Retention Accounting at Payment to Retention Accounting at Invoice

    We currently use the retention accounting at the payment,
    which I change to the scheme that accounts for the retention time of recording of the invoice??????
    I just set in the retention rate for Define, accounting p. Invoice?
    I have to delete the configuration Define retention rate accounting p. payment or should stay like this now?

    Hi Praveen,
    no, there is no error in MIR7. But the invoice is not posted and the workflow shows the error message given in my original posting.
    And the point is that I cannot change the K to A in MIRO or MIR7, but I can change G/L account, cost center, asset etc. So after I change it, I still have account assignment category K, but no G/L account and cost center given. Instead, there is only the asset number.
    This looks a bit funny to me and I wondered, if this could lead to any problems, because something like that would not be allowed in the PO.
    Cheers
    Alicia

  • Payment Terms configuration

    Dear Friends,
    I have 2 queries -
    1. Can we configured the Payment Terms which will enable while invoicing to create the multiple line item while Invoice Posting ( accounting entry ) say, while doing MIRO / FB60 transaction. And one of those would go to Special GL. e.g. we have to deduct the Retention Money @ 5% from Invoice Amount and we are using one of Special GL for Retention money so can i configure the Payment Term as -
    1. 95%       -
    60 Days
    2. 5%        -
    365 Days
    So here 2 ( 5% ) will be posted as Special GL item while Invoice Entry.
    ( Currently we are transferring those entries to special gl manually using T code - F-02 from Vendor Open items )
    2. We have configured the number of Payment Terms but sometimes negotiated Terms does fall into the category of existing Payment Terms and it is not possible to create the Payment Terms for such requirement. So can we configure one Payment Term which will be editable while Purchase ORder Creation or Invoicing ( like payment term with "OTHERS" would be created and initially it would be configured for 0 Days and those would be edited while making Purchase Order as per requirement.
    Since this is affecting our Ageing Analysis and Payment Due Report as both are based on  Payment Terms in PO.
    If anyone has solution pls suggest the way to do it . will assign full marks if gets solution.
    Thanks in advance.
    PS

    Hi
    I think we can't maintain cash discounts more than two %.
    Goto OBB8, choose account type customer/vendor.
    goto payment terms segment.  1)  3%  days 0  2) 2% days 15.
    3) we can enter %, only days. it means no cash discount.
    Regards,
    Chandra

  • Purchase order to payment cycle report

    Dear Sir/Madam
    We want to have a report on the purchase order to payment cycle.
    this includes the following points:
    1. Purchase Requisition is raised in the system
    2. PO is raised with various line items
    3. Advance payment is done against the PO
    4. GRN is made for goods delivered
    5. Invoice is processed against each GRN
    6. Retention is deducted to be paid in future
    7. Liquidated damages (LD) is deducted which is treated as miscellaneous income in companys books
    8. Payment is made to the vendor
    We require the report in such a way which will give the details of each payment against each GRN line item. tracking of the same should be possible.
    Do we have any standard report which will help in identifying the purchase order to payment cycle.
    Thanks and Regards
    Prashant P. Zinge

    Hi,
    It is always a requiremnet to have a report from PO, GR, IV to payment.
    But unfortunately, SAP do not have such a report, we develop one locally, the difficult is at payment side.
    Several invoices for one vendor has only one payment doc, how to display it need to discuss with end user.

  • PO - Line Items Payment Status Report

    Hi Friends,
    Is it possible to get a PO (Line Items wise) Payment Status Report.
    My client wants PO Line wise payment status as a MM report development.
    We have Down Payment, Residual & Retention money as a business practise with our vendors
    Following is the MM-FI flow in our company code..
    Create & Release PR u2013 MM - Creating PR
    Create & Release PO (ME21N) u2013 MM u2013 Creating PO
    F-47 Down Payment Request u2013 MM u2013 Creating DPR
    F-48 Post Vendor Down Payment u2013 FI - Posting DPR
    FBZ5 Print Check for Payment Document u2013 FI - For printing cheques for DP only
    MIGO/ML81N, GR u2013 MM u2013 SES/GR for PO
    MIR7/MIR6 IR - MM/FI u2013 Parking & IR
    F-44 Clear Vendor u2013 Linking advance with IR (as residual clearing)
    F-53/F-58 u2013 Posting Payments after deducting Retention
    F-04 Post with Clearing u2013 Clearing Outgoing account entries with Main account
    Thanks in advance.
    Regards,
    Vikrant Sood
    Moderator: This thread has been locked due to crossposting.
                       Please do not post the same question in different forums.

    hi
    there is no sap standard report available you have to develop your z report.

  • PO (Line Items wise) Payment Status Report

    Hi Friends,
    Is it possible to get a PO (Line Items wise) Payment Status Report.
    My client wants PO Line wise payment status as a MM report development.
    We have Down Payment, Residual & Retention money as a business practise with our vendors
    Following is the MM-FI flow in our company code..
    Create & Release PR u2013 MM - Creating PR
    Create & Release PO (ME21N) u2013 MM u2013 Creating PO
    F-47 Down Payment Request u2013 MM u2013 Creating DPR
    F-48 Post Vendor Down Payment u2013 FI - Posting DPR
    FBZ5 Print Check for Payment Document u2013 FI - For printing cheques for DP only
    MIGO/ML81N, GR u2013 MM u2013 SES/GR for PO
    MIR7/MIR6 IR - MM/FI u2013 Parking & IR
    F-44 Clear Vendor u2013 Linking advance with IR (as residual clearing)
    F-53/F-58 u2013 Posting Payments after deducting Retention
    F-04 Post with Clearing u2013 Clearing Outgoing account entries with Main account
    Thanks in advance.
    Regards,
    Vikrant Sood

    as per my knowledge you can configue a new Z table or prepare a Query using EKPO table you will your desired result.
    regards,
    Ninad Kshirsagar

  • Retention amount paid to vendor is not updated in PO history tab

    Dear All,
    I had activated business function 'LOG_MMFI_P2P'. As a result i am getting Payment processing tab in PO.
    There i can define Down payment and Retention percentages. I had created a service purchase order and then service entry sheet.
    After the acceptance of service entry sheet i did invoicing (MIRO). Here i get an option to clear down payment (an additional button becomes available to clear down payment). That scenario is working perfectly fine. System also proposes the retention amount. I can change retention amount/percentage or continue with same.After invoice is posted the retention amount is visible under PO history tab against Invoice number.
    Now my problem is when i am doing payment of retention amount(after doing payment of services deducting down payment and retention)  to vendor the 'Posted Retention in Document Currency' column in PO history tab is not updated.
    Regards,
    Kamal

    Dear Pankaj,
    Thanks for quick Reply.
    I think you did not understand my question. In PO history tab for down payment scenario (defined through PO and cleared in MIRO) proper lines are getting created. For retention new line will not be created. But the invoice row in PO history tab is having two columns -
    1) Retention in Document Currency.
    2) Posted Retention in Document Currency.
    The first column is having value which is the retention amount. But second column is not having any value even after the payment (portion held as retention)is made.
    I will add one more thing. If i run FK10N for the vendor- then Special G/L account for retention is updated properly.
    Regards,
    Kamal
    Edited by: kamal.anandani1 on Apr 22, 2011 8:02 AM

Maybe you are looking for