SummaryIs there a smart way to account for Capital Retentions?
Our current design for Capital Retentions will be to post a manual journal for the retention amount (say 10% of the total build cost) to
Dr - Asset Cost
Cr - Balance Sheet liability Control A/c (Capital Retentions a/c)
As the invoices for the capital retention held start to fall due, they will need to be coded to offset against the Control a/c to ensure they are not double counted against the asset.
Is there a better way to do this in Oracle fusion?