Defining Retention

Retention parameters are used in the Billing and Revenue Management application to delay billing amounts. Retention can be defined for any contract activity and lets you withhold a percentage of the billing amount until a preset ceiling is reached. Thereafter, the amount is fully billable. This procedure describes how to define retention parameters.

Before you define retention, define your activity billing parameters and billing detail.

To define retention

Access Bill Retention (BR01.2).
To define retention parameters, use the following guidelines to enter field values:

Activity

Select a contract type activity for which you want to retain billing amounts.

Account Category or Contract Cat Group or Sum Acct Category

Type or select either an Account Category, Contract Category Group, or a Summary Account Category for which to display withhold billing amounts.

Note: You can enter a value in only one of these fields.

Posting Acct Category

Select the account category to which you want to post retention transactions.

GL Code

Select the General Ledger code to which you want to post invoice transactions.

Retention Percent

Type a percentage of the total billable amount that is to be held back on an invoice.

Retention Ceiling

Type the maximum amount to be retained over the life of the contract.