Overview and Setup for Project Retention Billing Functionality
(Doc ID 2752607.1)
Last updated on JANUARY 29, 2025
Applies to:
Oracle Project Billing - Version 12.1.3 and laterInformation in this document applies to any platform.
Purpose
This document addresses functionality and setup required for project retention billing along with some known issue and frequently asked questions on project retention billing.
Scope
Focus of this setup is Oracle Project Billing Release 12. Although most of the content in this note is also applicable in Release 11.5
Details
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In this Document
| Purpose |
| Scope |
| Details |
| Overview |
| Setups Required For Retention Billing |
| Define Retention Level |
| Define Retention Term |
| Withholding Terms: |
| Withholding Terms by Expenditure Category: |
| Withholding Terms by Event Revenue Category: |
| Billing Term: |
| Accounting for Unbilled Retention |
| Retention Format |
| Retention Billing Format |
| Process Flow For Retention Billing |
| Case 1: Validate Withholding Term |
| Enter Event |
| Generate Draft Invoice |
| Interface Invoice |
| Create another Event |
| Generate Invoice |
| Generate Invoice |
| Case 2: Validate Withholding Term with Expenditure Category |
| Enter Expenditure Item with type |
| Generate Invoice |
| Case 3: Validate Withholding Term with Revenue Category |
| Enter Event with event type Customer Deposit |
| Generate Invoice |
| Case 4: Validate Withholding Term Effective Date |
| Enter Event with event date 01-NOV-2019 |
| Generate Invoice |
| Review Retention Amounts |
| Technical Components |
| Basic Data Model |
| Client Extension |
| Important Issues and FAQ |
| Issues |
| Frequently Asked Questions |