E1: 52: How Does Contract Billing Calculate Retainage Amounts When Using the Percent Complete Functionality in Retainage Rules (P5204)? (R52121/P5222)
(Doc ID 2977788.1)
Last updated on OCTOBER 02, 2023
Applies to:JD Edwards EnterpriseOne Contract and Service Billing - Version 9.2 and later
Information in this document applies to any platform.
When creating contract billings with retainage set up with the percent complete functionality in the Retainage Rule (e.g., P5404, 5% to 80%/2.5% to 100%), how does the system determine how much to retain if the billing amount crosses the percent retainage threshold? For example:
- Retainage Rules Table (P5404): 5% Retainage to 80% Complete, 2.5% Retainage to 100% Complete
- Schedule of Values = 100
- Billing Amount is 85
Will the system calculate 5% retainage, 2.5% retainage, or a combination of both?
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