11-28-2015 3:29 PM
I have a billing scenario in construction business,
Each billing document will have 5% as retention amount, being deducted by client on each invoice.
At the end of project 5% retention amount will be paid. I am planning to use billing plan .How can i bill the retention amount through billing plan?.
12-07-2015 11:17 AM
Hi srinivasan
this not a construction industry related query . i think this is a generic scenario where an amount is kept as a retention amount against every invoice . This can be handled easily by using the payment terms for installment payments . Please consult your FI consultant to help you with this .
12-07-2015 11:17 AM
Hi srinivasan
this not a construction industry related query . i think this is a generic scenario where an amount is kept as a retention amount against every invoice . This can be handled easily by using the payment terms for installment payments . Please consult your FI consultant to help you with this .