Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the retention entry for subcontractors/ suppliers?

user-image
Question added by Rubika Coelho , Executive Secretary To CEO , Coastal Investment Group
Date Posted: 2015/05/21
Ahmed Sheto
by Ahmed Sheto , مأمور ضبط قضائى , مكتب صحة قصر النيل

In some industries, subcontract retention may be called retainage. Thus, the terms retainage and retention may be used interchangeably.

U.S. federal government requirements prohibit the billing of unpaid expenses. In the JD Edwards EnterpriseOne system, you use retainage functionality to automate the recording of retention to nonbillable accounts for transactions with an inventory interface of A and B only. The system uses financial automatic accounting instruction (AAI) PCNBRT for retainage processing during voucher match. To enable the subcontract retention functionality in the JD Edwards EnterpriseOne system, you must:

More Questions Like This