Using holdbackThe holdback is a percentage amount withheld by the customer on payments. The customer pays the holdback amount after the project activities are performed satisfactorily. Holdback can be used for the following invoice types in Project:
You cannot use a holdback for advance payment requests. The Holdback (tppin4140m000) session maintains and releases holdback amounts for invoicing. You can print holdback records in the Print Holdback (tppin4440m000) session. Example Project X uses Progress Invoicing. You apply holdback at 10% using the Contract Lines (tpctm1110m000) session. The project has two elements, 100 and 200, with the following specifications:
If a record (originally an invoice line) to which holdback applies is posted from Project to Invoicing, the following two postings are made to the Revenue table:
If the original record is printed and posted to Invoicing, the invoice number is filled in the original and in the holdback record. If a holdback line is transferred from Project to Invoicing, LN creates the following two records in the Revenue table:
If the holdback line is printed and posted to Invoicing, the previous records must contain the invoice number.
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