Retainage Interest Invoice
Summary:
XXXXX County Vendors have different Invoices in a period against different Work orders, with a 5% retainage charged to the vendor. Whenever an Invoice is created a 5% is retainage is held on the invoice. At the month's end as and when all the work is completed by the vendor, we have to release the 5% held on all the Invoices and calculate the Bank Interest (for example the interest is 2.5%), The bank provides Interest rate to the XXXXX County. We were able to release the balance amount but there is no functionality in Oracle to include Bank interest
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