Retention amount in PS

Dear SAP Gurus,
I would like to know about the retention amount for project and how to tackle it in different ways there are 3 scenarios
1. 10% at the acceptance of project,
2.10% at each invoice and
3.10% covered through bank gurantee.
Please guide.
Suhel

Hi,
Please define a milestone, link same WBS to your billing plan in the sales document. This is very common and standard SAP solution.
Don’t forget to give points if its useful Ans.
Enjoy SAP
Namskar,
Ketan Dave

Similar Messages

  • 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

  • Retention amount is not capturing in cheque counter folio

    Dear All,
    While processing check with retention amount  in cheque out put the retention amount is not condsidering.
    Please see the following document i created with retention amount.
    21 TRBA         KOVA M/S.BHAGWATI ASSOCIA         5,000.00
    31 TRBA         KOVA M/S.BHAGWATI ASSOCIA        48,867.00
    39 TRBA         KOVA M/S.BHAGWATI ASSOCIA         5,000.00
    40 79102             PUB.ISSUE-W.OFF             50,000.00
    50 41452        KOVA TDSP  CONTR. PAY.            1,100.00
    50 41452        KOVA TDSP  CONTR. PAY.               22.00
    50 41452        KOVA TDSP  CONTR. PAY.               11.00
    i posted document with retention amount 5000 when i am processing the check in output the retention amount is capturing in the output,
    this is check management here the amount it will give excluding retention amount.
    1500001307 TRBA       M/S.BHAGWATI ASSOCIATES    GANDHI BRIDGE CORNE                               43,867.00
    where i am checking the same document in output its giving including the retention amount.
                                            10015
                    M/S.BHAGWATI ASSOCIATES
                                                     16.05.2008           50,000.00
        2, TEXTILE TECHNICIAN SOCIETY GANDHI BRIDGE
                                                        1,133.00          48,867.00
    CORNER, AHMEDABAD-
                                16.05.2008    50,000.00      0.00     0.00     0.00  1,13
                                Not Over Rs ********48867.00/-
                                                                          16.05.2008
            M/S.BHAGWATI ASSOCIATES
                      Forty Eight Thousand Eight Hundred Sixty Seven
                                                                      *******48,867.00
                    and Paise zero Only.
    Please advise how to modify.
    regards
    ramu
    Edited by: bangaru mohan on May 16, 2008 11:27 AM

    Dear Sanjay
    thnks for your replay
    But how can I add these values(vat-5% and Surcharge-10% on vat ) in to inventory acount
    The accounting document generated at the time of GRN should have the material price +Total Tax amount
    Expecting your reply
    Thnks again

  • Problem in posting Retention amount to Vendor

    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 in Invoice number row in PO History Tab.
    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 for invoice is not updated.
    What is the correct way of posting retention to Vendor against invoice by doing which 'Posted Retention in Document Currency' column gets updated ? I am currently posting payment by F-53 for open Special G/L Items.
    One more thing currently FK10N is giving proper values. I mean after payment is done balance under Special G/L account for retention becomes zero.
    Regards,
    Kamal
    Edited by: kamal.anandani1 on Apr 22, 2011 8:01 AM

    Hi,
    First check the Current period in OMSY trx...for your Comp code..
    Then go to MMPV and enter Comp code, Period & Year
    and execute...
    Ex: if the current period in OMSY for your Comp code is 01,2008
    then you need to enter period 02, 2008 in MMPV trx...
    so, that period 01 will be closed & Period 02 will be opened automatically...
    You need to close periods one by one like this..
    until the period you want use...
    Remember you can not Roll back the closed period
    Be careful in closing the MM period in PRD client.
    Thx
    Raju

  • Retention Amount during vendor invocing

    Dear All,
    I have a doubt related to retention amount for vendors.
    Scenario is:
    Client is keeping certain amount as retention amount from the vendor bill. Now this amount is pre-decided in PO terms & confitions and the same is known to purchase department. But no such comminucation is made to accounts dept. Hence the person who is passing the payment entry is not aware of the amount to be retained. Client requirement is that, vendor invoice should be passed with the full invoice amount & during payment only the amount other than retention amount should be paid. But no manual intervention is required.
    e.g. Vendor invoice is INR1000
           Retention amount - INR 300( decided during PO)
           FB60 / MIRO passed with INR1000
           F-58 should automatically pick up INR 700 for payment    &  rest of the amount should remain in vendor cr with spl GL indicator.
    Can this be possible.
    Thanks in advance,
    Regards,
    Ajay Gupte

    Dear Ajay,
    You can use the Terms of payment to acheive this requirement.
    Go to Transaction code OBB8. Create a new terms of payment say Z001, which has the "Installment Payment" ticked.
    Now create two more terms of payment Z002 and Z003. Here mark the "Payment Block" (A or B) for the terms of payment Z003.
    Now go to OBB9, fill as below
    Z001----- 170-----Z002
    Z001--230-----Z003.
    Now at the PO stage, make sure that the terms of payment is Z001.
    At the stage of the invoice verification, the entry would be
    Expense A/c Dr 1000
    To Vendor A/c           700
    To Vendor A/c           300 ( This would be with a payment block)
    At the time of automatic payment, this Rs.300/- will not be selected unless we remove the payment block.
    Regards
    Venkatesh
    PS: Assign points if useful.

  • Retention amount not detecting in INVOICE VERIFICATION

    Dear Experts,
    I am trying to to use retention money process.
    MY PO Value - 1000 - Retention % 10 - Rs.100 is retention amount
    My GR Amount - 1000
    While posting Invoice - 1100 is posting but Rs.100  is going to special GL only
    Please help me on this.
    Regards
    Soundar.G

    Hi,
    If the excise invoice is not posted (Part-II), then it will not flow in MIRO.  Pls check same. 
    You may even check whether the capter id assigned to the material is extended to new excise calculation period.
    Regards,

  • Configure Deferred Tax and retention amount in 4.6c

    Hi,
    Please provide the configuration steps for Deferred Tax and retention amount in the vertion 4.6c.
    Also please let me know is it possible in the said version.
    Regards.
    Gagan

    Hi Su,
       Thanks for the answer.
       But we already have code page 6200 setup and hence just need to add in language Thai.
       The problem now is we don't know what other solutions are available apart from MDMP? Even going from ambiguous code page 6200 to MDMP seems like not feasible(from your reply)? Do you know what are the consequences if MDMP is converted from blended codepage.
       Do you know of any way that all the languages could co-exist without going on MDMP?
       Thank you.
    Rgds,
    David

  • 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....

  • Retention amount

    Hai
    i need retention amount how to maintain in purchase order and how to give the payment and what are the steps in configure.
    Pls send me step by step
    Regards,
    G.Bala.

    Hi,
    Refer following links;
    [Retention|http://help.sap.com/erp2005_ehp_04/helpdata/en/6d/5e74d1cfbb4513bb13d566bd70a15a/frameset.htm]
    [Retention Processing|http://help.sap.com/erp2005_ehp_04/helpdata/en/01/df47a55d34401c84e10923ed2b4adb/frameset.htm]
    Above links are applicable for ECC 6.0 with EHP4

  • Posted Security Retention Amount in Company Code Currency

    Hi All,
    I want to know how amount is populated in "Posted Security Retention Amount in Company Code Currency" at PO History Table.
    We have created PO with Retention, at the time of MIRO system is showing amount in "Retention Amount in Company Code Currency" this amount is posted in Special GL.
    When we are making payment with Special GL, it is not showing any amount in "Posted Security Retention Amount in Company Code Currency" at PO History Column.
    Any one please help me to understand how the amount is populated in this field.
    Thanks!!!
    Regards,
    Vivek Srivastva

    Hi,
    In PO you can mention the retention amount or percentage, as you told correctly at the time of MIRO it will post seperate line items for retention with spl gl.
    while making payment in F-53, if you dont want to pay retention amount first just do as normal payment but while selecting the invoice you have to select one more line item with retention so that you can reduce the invoice amount while making the payment.
    now you want to make the retention payment . go to F-53 while giving the selection parameters you have to give special gl indicator, then click on process open items. here it will show you the retention amount with spl gl indicator. if its not showing it depends on the layout you have selected.
    check your layout desing.
    thanks & regards,
    shashi kanth. 
    want to know how amount is populated in "Posted Security Retention Amount in Company Code Currency" at PO History Table.
    We have created PO with Retention, at the time of MIRO system is showing amount in "Retention Amount in Company Code Currency" this amount is posted in Special GL.
    When we are making payment with Special GL, it is not showing any amount in "Posted Security Retention Amount in Company Code Currency" at PO History Column.
    Any one please help me to understand how the amount is populated in this field.

  • Retention Amount capturing in MIRO

    Dear All,
    My Client requirement is as below.
    While posting a Invoice via MIRO or F-43, the invoice need to be split into 2 lines , one line(part of the amount 80%) need to be paid within 15days and remaining 20% after 1year.
    I defined Installment payment terms for this anad assigned to Vendor master. It is posting two lines but my client says the second installment nedds to posted using aSPl GL indication (Retention defined) and in Fk10n the balance should be shown in Spl GL. 
    How is it possible. In payment terms i cannot ask to post to SPl Gl.
    regards
    Jaya

    hello,
    first you post the total invoice for 100%.  To retain 20% you go to f-51(vendor clearing) there you credit special GL with R in posting 39 and enter the amount 20% and select the process open items.  It will open vendor open items there you select the open item which was posted for 100%.  So two documents will generate.  One is with special GL indicator. And next one is with out special GL account. At the time of Payment in f-53 select the posted invoice document and the new doucment (with out specila indicator document). So the vendor will be paid for 80% only. Balance 20% will be laid in vendor open items.  So you can select the vendor open item whenever you want to pay the open items.
    regards
    srinivas

  • SD Retention Amount Process

    Hi Experts,
    Have you ever implemented a Retention Sum Process in SD?
    The Idea here is they Bill the Customers with a percentage only of the amount for a given date (per invoice), so the remaining percentage will be retained and accumulated in the closing of the Project (Contract of Service). How do you approach/implement this process? Can this be done in a normal process in SD? Because once you bill the customer for the whole amount, the A/R Aging will reflect the amount not paid only for the invoice, but instead it should only reflect on the end of Project (Contract of Service).
    Thank you on your suggestions.

    Hi,
    As per my understanding it can be manageable in standard functionality,
    Please elaborate whole process
    so we can suggest proper solution
    kapil

  • Seperate GL account for rentention amount using Instalment payment?

    We have an interesting issue, our client is having a requirement regarding installment payment. Please find below the scenario. We hope to get some ideas in this regard.
    We are using payment term with settings for installment payment.
    Example: Payment term Y001 – Installment payment, Y002 – Installment payment 90% and Y003 – Installment payment 10%.
    Invoice Amount : 1000
    90 % outstanding for immediate payment : 900 (to be accounted in Vendor reconciliation account)
    10% retention till tax certificate produced : 100 (to be accounted under separate retention GL account)
    While posting invoice through MIRO & FB60, our client wants to split the amount in to two parts  90% outstanding to the Vendors and retain 10% of the invoice value till the tax returns certificate is produced. Presently Amount splitting is made to take care of this using a payment block in payment term Y003. This helps in retaining 10% of the amount till the tax paid certificate is produced.
    Postings are happening with the split amount, to the reconciliation account maintained for the Vendors. This is presently showing the total payables towards vendors. But for statutory reporting purpose, we now need to maintain a separate GL account for the retention amount. This is again required to be a Vendor reconciliation account for control over outstanding amounts with respect to respective vendors.
    We are exploring different alternatives to get this done. Please advice if you have come across any such scenario.
    Thanks in Advance.
    Regards,
    Viswanath

    I understand when you use your Installment payment term, system must be posting two lines for vendor i guess must be like;
    Expense                      Dr.   1000
         Vendor                                     Cr. 900
         Vendor                                     Cr. 100
    Ok eventually both 900 and 100 goes to the same GL (Reconciliation)Account but your client wants that the 100 should goes to other GL accounts.
    One of our collegue in this forun has answered you to use Special Gl Indicator, the solution upto some extent ok but i guess you will loose the automation of amount splitting which 900 and 100.
    So i would advice you the following;
    Create one Retention Reconciliation Account
    Configure Alternative/Reconcilation Account in the IMG ( This config allows you to change reconciliation account while posting invoice )
    So at time when you simulate your accounting entry double click on 100 line and manually enter the retention GL Account. I guess the solution is manual and painfull but if special gl indicator can be used with automation then you must go with that
    regards,
    FICO

  • Retention - Seperate GL Account

    Hi,
    A billing document (invoice) is generated following the PR-PO process. The amount to be paid to the Vendor is 90% of the invoice amount immediately and the balance amount of 10% is retention and is to be paid only after satisfactory completion of the service, say 6 months. A payment term is created where the invoice is broken into separate line items - 90% and 10% and accordingly posted in Vendor account.
    Now the case is that, the amount is not paid thru SAP. The amount is passed on to the legacy system from where the payment takes place.
    The requirement is, the retention amount instead of going to Vendor account, need to go to a separate GL account. How can this be achieved in SAP?
    Please revert.
    Thanks,
    M.R.Srinivas

    Hi
    As far as my knowledge goes, there is no direct option for the same.
    We need an enhancement to take care of this.
    As all payments can be made only to Vendor / customer in standard SAP, suggest
    1. create another reconciliation GL a/c  called retention.
    2. configure a new Spl GL ID
    3. Create a new payment term for this
    4. Create a substitution for that line to change Posting Key and add this spl GL
    Hope this will help u

  • Posting Vendor retention

    Hi
    I want to post into vendor retention at the time of posting invoices in FB60.
    For ex:
    Invoice is of Rs.10000
    Retention is of 10%
    Entry should be:
    Expenses A/c.. Dr 10000
       To Vendor a/c 9000
       To Vendor Retention (with special GL for retention) 1000
    Let me know how its possible in SAP
    I do not want to use F-02 or F-43 for the same.

    Hi Deepak and other members
    standard SAP does not support to post any retention, advance deduction during FB60 or MIRO. hence only way is to first post transaction thru MIRO or FB60 than report to retention special GL by another document.
    but thru Z development we can come over from this problem. follow the steps for Z development:-
    1) create retention or advance specific payment terms e.g. R001, A001
    2) while posting MIRo or FB60, identify the retention amount in amount split tab with payment term. e.g. total invoice 1000 and retention is 100 than in amount split tab page 900 with normal payment term and 100 with payment term R001
    3) crate a Z table and make a relationship of company code, spl gl indicatior and payment term
    4) record a BDC with transaction code F-51 in which debit vendor with normal line item and credit vendor with spl gl indicator like R
    5) once document posted, system will read payment term available in document and if payment term match with entries maintain in Z table, will start re posting
    in my openion this is the only way thru which auto reposting will happen and manaul entries can be avoid.
    any other good solution / suggessation are welcome.
    Regards
    DD

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