Vendor Retention

Hi ,
   I need to do Customization settings for Retention of Vendor.
Following is the example :--
On 1/04/2008 Purchase of Raw Material 1,00,000.
Due Date is 30/04/2008. Retention Percentage is 10% of Invoice.
The following are the entries to be posted in sap:---
1)   In F-43 :---- on 01/04/2008
       Inventory Raw Material a/c DR 1,00,000
            To Vendor                                1,00,000
2) In F-53 :---- on 30/04/2008 ( By using Residual Payt functin)
         Vendor a/c   DR 1,00,000
               To Bank a/c                                    90,000
               To Vendor a/c(Retention Spl Gl a/c) 10,000
3) I created one special gl indicator for above credit line item.
   in FBKP. and assign Vendor Reconcilation a/c and Spl Gl account(Retention account)
But My question is where we can give special gl indicator inorder to transfer the amount to special gl account(Retention a/c) in F-53.
Thanks & Regards,
Kiran Konujula

Hi,
Retention Money is a deduction from vendor to be retained for a specific period as per PO terms. This is a liabiltiy in the BS.
You can do the following way:
1. F-43    Inventory 1,00,000 Dr
                Vendor    1,00,000 Cr
2. Post a JV using F-42 as follows
                 Vendor 10,000 Dr (Normal Recon Account)
                 Vendor 10,000 Cr (WIth Spl GL Indicator to Retention Money Recon Account)
3. Payment - when making the payment using F-53/F-58, do not select any recon account. Just Select the Process Open items button.
From the open item documents ie normal documents in vendor account as per credit entry in point no:1 and Debit entry as per point no:2 will be displayed. Select these documents (ie.1,00,000 - 10,000 = 90,000). The enty would be
                Vendor            90,000 Dr
                Bank outward 90,000 Cr
The credit entry with Spl GL indicator would appear in the BS under Rentention Money payble and forms an MIS. When you intend to refund it, in F-53/ F-58 you can select special GL indicator in the initial screen for processing payment.
Regards
Hari

Similar Messages

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

Vendor retention not transferred to PC

Hi
A user requires testing the Vendor retention process via MM and we are facing the below issue. Appreciate any guidance on this.
A Purchase Order was raised for a vendor with retention. The retention amount was calcultaed correctly. The PO has a Work Order which is linked to a Profit Centre. We carried out the month-end processes F.5D & IKEK but, the amount of the retention is lying in the DUMMY profit centre instead of being transferrd to the PC linked in the Work Order.
Thanks & Regds
Nadini

Resolved with assistance of OSS note 81374.

Vendor Retention (holdback)

We have a contract with our vendor to retain 5% of each invoice payment to be paid to the vendor later once a milestone has been reached. Could someone help me with the flow?
So far, we know that there are some settings needed for special G/L indicators but are unclear on everything needed in FI as well as how to represent this retention on the purchasing document.
Any help is appreciated and points will be granted.
Thank you,
bak

Hi,
If you are using ECC 6.0 with EHP4 then SAP has provided Retention in Standard. For which you can refer the following link;
[MM, Integration Materials Management and Financial Accounting|http://help.sap.com/erp2005_ehp_04/helpdata/en/42/fbded750e61febe10000000a422035/frameset.htm]
[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]
If not in EHP4 then best option is to use concept of Installment Payment Term.

Retention ammount of Vendor

Hi
sap gurus
can any one pls explain Retention amount of Vendor and how this is configured
Details question awareded
Thaks in Advance
Regards
Rams

Hi,
The retention amount can be accounted by using a SPL GL indiacator.
Configuration, (FBKP)
1. You have to create a SPL GL Indicator for vendor retention amount
2. In the properties, select "others" and give the posting keys
3. Assign the different Recon account against the Recon account mentioned in the vendor master.
Transaction,
1. Post the vendor invoice (F-43 or MIRO)
Dr.Expenses              100
Cr.Vendor account              80
Cr. Vendor account SPL GL 20 (optional)
if you have not used the above optional, then you have to post a transfer entry, (F-04)
Dr Vendor Account 20
Cr Vendor A/c PL GL       20
2. Payment (Normal items) (F-58 or F-53)
Dr Vendor account 80
Cr Bank                          80
3. Payment (SPL GL Item) specify your SPL GL indicator in ourgoing payment screen, (F-58 or F-53)
Dr Vendor account SPL GL A/c 20
Cr Bank                                     20
Hope it clear your doubt
Saravanan.A

Accounting Customer Retention Money through SD Module

Dear Sir/Madam,
I am a SAP FI Certified consultant doing implementation Tata Refratories. I am from TCS and a project manager for this project
Please read my query below and try to answer.
Accounting Customer Retention Money
Retention amount is deducted by the customer and retained the amount as per terms of the sales order until the project of the order is completed. Once the sales order is fulfilled the Retention Money is returned by the customer to supplier.
I want to know whether SD Module can handle this. During invoice posting through SO, system must be able to post portion of the SO amount to retention account this is an Spl GL account which should not affect regular customer recon account.
For example lets say the invoice amount is 1000 out of which the customer will retain 100 and will pay 900 hundred only.
My expectation is whether Invoice posting from SO to AR can generate a seperate line item debiting Spl-Recon account
and Crediting the sales account for 100 INR and the Invoice must be posted with 900 INR. During customer payment customer will pay first 900 which will be cleared with invoice amount 900 and later when the customer return the retention amount then the 100 INR receipt will be cleared with 100 INR invoice which was accounted to Spl-recon account.
Note: Vendor retention is available in MM/PO side and this is handled the same way that I explained above
MIRO Posting takes care the Vendor retention accounting in to Spl-Recon account.
Thanks
R.Venkat
SAP FI/CO Consultant from TCS
Invoice posting through SO

Hi,
Create a GL account as Retention Money from Customer A/c. Now through your pricing conditions and VKOA settings take the 10% of the sales amount and post it in Retention Money account.
So your accounting entry will be
Customer A/c 1000 (subledger)
To Retention Money A/c 100
To Revenue A/c 900
You may take the SD consultant help for this.
Best Regards
Vimal

Calculating TDS in amount splitting in MIRO

Hi experts,
In MIRO Transaction there is an amount split tab where I put the vendor retention momey Rs 9362.34/- and in another line the rest of the amount Rs.40000/- which i have to pay to the vendor by F110 transaction code ,the total bill value is Rs 49362.34/-.The particular vendor is subjected Withholding tax (at the time of Invoice posting).
After Simulation system is calculating Withholding tax on both i.e Rs 9362.34/- and Rs.40000/-.
*Can anybody tell me is there any process that system will calculate Withholding tax on the total bill value i.e Rs 49362.34/-for one time and after payment RS.40000/- by F110 transaction code the Retention Money will be seen as Open item in Vendor ledger?*
with regards,
sudipto paul

problem was resolved

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

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 and Advance for Vendors in SAP

Dear All
Iu2019m part of the SAP ECC 6.0 (with EPH4) E2E implementation team for Construction industry. They have a unique requirement. They will create P.O {(say for Example 10000 RS with 20% advance, 10% retention (of invoice value)} and then
During Advance
Advance to Vendor a/c Dr           2000
                      To Vendor a/c Cr     2000
Vendor a/c Dr                     2000
        To Bank a/c Cr          2000
During GRN
Stock a/c DR                    3000
     To GR/IR a/c CR          3000
During Invoice
GR/IR a/c DR                    3000
     To Vendor                2100
     To Retention Payable          300
     To Advance to vendor          600
During payment
Vendor a/c DR               2100
     To Bank a/c Cr          2100
Is this possible in SAP? If yes please let me know how this can be done.
Regards
Rajaram

Hi,
My suggestion is you go following way:
Vendor A/c Dr ....Specail GL (A)
       To Bank
this is for the advance payment
Then complete the GRN Part
Then complete the MIRO Part without retention, where in you book entire amount to the credit of sundry creditors
For retention, create a special gl and post the entry separately
Vendor Account Dr
Vendor Account Cr....special GL (R)
This will also keep the track of the things in vendor account, as you will require this amount to be paid later once the contract is complete.
Let me know, if it helps.

Retention of vendor amounts

Hi,
I want to retain some % amount on each vendor invoice as guarantee money. this can be paid back to the vendor after a period of time. is there any way in standard SAP.
Thanks in advance,
Mallik

Hi Dipak,
I have already done these seeting. but the problem I am facing.
1) when i do MIRO system split 90 and 10 value but both on the same reconcillation account . I want to bring the 10 value in special GL account. how can it be possible.
2) 2nd issue is the fields in MIRO at item level retention % , retention due are greyed, how Can i make it open.
3) when I post the MIRO system is showing only the one document in PO history not the second/retention one.
I will really appreciate if you or anyone help me in this regard. this is very urgent for me.
Thanks
Shahab

Multiple Vendor Line item in FB60

Hi Friends,
It may be simple question but I stucked with it.
I want to split a Vendor Invoice document in FB60(Enjoy Transactions.) by using special Indicator for Retention amount.
You will be clear from below example :---
        Inventory Rawmaterial   a/c   DR 1,00,000
               TO Vendor      a/c                       90,000
               TO Vendor   a/c(Special GL a.c) 10,000
I need to post above document in FB60 but not F-43.
Here my question is how to split vendor line items while posting of document in FB60.
Thanks in advance.
Kiran Konujula

Hi Kiran,
In my previous project we had retention and we have created payment term with installment payment.this will solve your problem.
Goto OBB8 T.code and create a payment term with installment payment (check this check box) and then goto OBB9 t.code to configure installment.
enter as follow
payment term   installment percentage
0001                       1          90
0001                       2          10
do the testing and let me know if you need some more information.
Thanks,
Rau

Vendor Master Data LSMW problem

Hi,
I have vendor master data in XLS file. Created project in LSMW with standard batch input object 004 (Vendor Master Data), Method (0001 standard) and Program name RFBIKR00.
Other constant data:
BLF00-TCODE = 'XK01'
BLF00-LIFNR = 'FOX1220' ... 'FOX1221' etc
BLF00-BUKRS = '3800'
BLF00-EKORG = '2000'
BLF00-KTOKK = "LIEF'
other all data like (Bank detail, purchasing data, accounting data, dunning data) are coming from that single XLS file.
Problem while creating Batch Input Session: <b>"Vendor FOX1221: data retention at plant level not allowed"</b>
Why??? Reading and converting data is fine.. but still problem terminates the BDC.
Please help me out
Thanks,
Chetan Shah

Hey it is solved, just making WERKR (Data retaintion at Plant Level) = 'X'
Thanks,
Chetan Shah

Maintain Vendor for excise Invoice in STO

Hi Friends
I am doing GR against Stock transport Order and getting error as Maintain vendor for excise Invoice
I created vendor master for plant then i maintained additional purchasing data in purchasing view there i did settings as follows
Purchasing View --> Extra --> Add purchasing data --> Selected data retention at plant level
Purchasing view --> Alternative Data --> Selected purchasing here i maintained supplying plant code
Same procedure i did for receiving plant also.
After that i maintained vendor master recored excise details in J1id
Still i am getting same error
Please give your valuable inputs
Regards
Vivek
Edited by: Supergene on Jul 24, 2008 1:01 PM

Hi,
Its not necessary to selected data retention at plant level.
Have you assigned Excise Indicator (For e.g. "1") to the Vendor Master, also maintain the ECC No, Excise Reg, Division, Commissionarate, LST, CST, etc....
Then it will work for new transactions. (For old, I think it will not work)

Vendor Retention

Similar Messages

Maybe you are looking for