Overview and Setup for Project Retention Billing Functionality
(Doc ID 2752607.1)
Last updated on MARCH 12, 2021
Applies to:Oracle Project Billing - Version 12.1.3 and later
Information in this document applies to any platform.
This document addresses functionality and setup required for project retention billing along with some known issue and frequently asked questions on project retention billing.
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
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In this Document
|Setups Required For Retention Billing|
|Define Retention Level|
|Define Retention Term|
|Withholding Terms by Expenditure Category:|
|Withholding Terms by Event Revenue Category:|
|Accounting for Unbilled Retention|
|Retention Billing Format|
|Process Flow For Retention Billing|
|Case 1: Validate Withholding Term|
|Generate Draft Invoice|
|Create another Event|
|Case 2: Validate Withholding Term with Expenditure Category|
|Enter Expenditure Item with type|
|Case 3: Validate Withholding Term with Revenue Category|
|Enter Event with event type Customer Deposit|
|Case 4: Validate Withholding Term Effective Date|
|Enter Event with event date 01-NOV-2019|
|Review Retention Amounts|
|Basic Data Model|
|Important Issues and FAQ|
|Frequently Asked Questions|