Retainer Parameters (BR02.1)

Use Retainer Parameters (BR02.1) to define and maintain retainer parameters for a billing activity. A retainer is a fee paid to secure services. Typically, it is used in a pre-billed or deposit type situation.

Processing Effect

  1. Define a contract using Contract Parameters (BR10.1).

  2. Define billing parameters using Activity Billing (BR00.1).

  3. Define retainer parameters using Retainer Parameters (BR02.1).

  4. Define the retainer invoice and posting dates using Retainer Invoice Entry (BR02.3).

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