| To use holdback |  |
| The holdback is a percentage amount withheld by the customer on payments. The customer pays the holdback amount after the project activities have been performed satisfactorily. Holdback can be used for the following invoice types in Project: Installment Progress Invoice Unit Rate Cost Plus Extensions You cannot use holdback for advance payment requests. The Holdback (tppin4140s000) session maintains and releases holdback amounts for invoicing. You can print holdback records in the Print Holdback (tppin4440m000) session. Example Project X uses Progress Invoicing. You apply holdback at 10% using the Projects (tppdm6500m000) session. The project has two elements, 100 and 200, with the following specifications:
- | Sales Price | Holdback | Progress
Element 100 | 1000 per unit | Yes | 3 units
Element 200 | 500 per unit | No | 2 units
The invoice is calculated as follows
Element 100
Total gross amount | 3000
Holdback | 300
Net invoice amount | 2700
Element 200
Total gross amount | 1000
Holdback | 0
Net invoice amount | 1000
I If a record (originally an invoice line) to which holdback applies is posted from Project to Invoicing, ERP LN makes the following two postings to the Revenue table: One posting for the original record: Amount is net amount (gross amount minus holdback amount). One posting for the holdback record: Amount is holdback amount. II If the original record is printed and posted to Sales Invoicing, the invoice number is filled in the original and in the holdback record. III If a holdback line is transferred from Project to Invoicing, ERP LN creates the following two records in the Revenue table: One normal posting (as for a normal invoice): Amount is holdback amount. One counter posting for the Holdback record: Amount is holdback amount. If the holdback line is printed and posted to Sales Invoicing, the records mentioned earlier (in III) must contain the invoice number. Related topics To use invoicing To use installment invoicing To use progress invoicing To use unit rate invoicing To use cost plus invoicing |