E1: 43: Retainage Payable Account Enhanced to Balance When Exchange Rate Fluctuates Between Progress Payments and Retainage Releases
(Doc ID 2530183.1)
Last updated on JUNE 24, 2022
Applies to:JD Edwards EnterpriseOne Procurement and Subcontract Management - Version 9.2 and later
Information in this document applies to any platform.
When the Exchange Rate between the US and a foreign supplier fluctuates in between progress payments and retainage releases and a 3-way match process is used, after the final retainage release is done there is a balance left in the Retainage Payable account of the AA Ledger for the foreign supplier.
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