Retention Amount to Invoice

[srinivasan2]

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?.

[former_member95680 · Accepted solution]

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 .