Financial or Project Transactions

During AFP approval, the deduction retention transaction is written in the financial transaction for each Subcontracting Procurement Order, based on the Deduction Retention Value. When approving the Retention Release (with or without an AFP) a retention release transaction is written based on the Retention Approved Amount.

If the AFP or the retention release is unapproved, a reversal of the transaction is performed.

The discount amount for the retention release is booked on the corporate account. This is also applicable for the Retention Approved Amount of an internal retention release.