Releasing Unbilled Retention Amounts

Use this procedure to release unbilled retention amounts that were created when the invoice was calculated and created using Invoice Calculation (BR120). Retention amounts that are released in this process will be billed with the next Invoice Calculation (BR120).

Note: This procedure is required only when using retention.

To release unbilled amounts

  1. Access Retention and Unbilled (BR01.1).
  2. To release all lines or specific lines of retained billing amounts, use the following guidelines to enter field values:
    Activity

    Select a contract activity to display the unbilled and billed amounts.

    Account Category or Contract Category Group or Summary Acct Category

    Select an account category, contract category group, or summary account category to display the unbilled and billed amounts.

    Status

    Select the retained status. To release the retained amount, select To Bill (2).

    Valid values are: 1) Open, 2) To Bill, 3) Billed, 4) Hold.

    Released

    Type the retained amount to be released. You can release only the full amount displayed for each line item.