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ERP Function to Capture Retention Value

edited Jun 13, 2024 11:09AM in Payables, Payments & Cash Management 2 comments

Summary:

Can you please find out if there's a function in ERP to capture the retention value?

Example as below :

Supplier Invoice

Workdone performed = RM100
5% Retention to withhold = -RM5
Total Payment to Supplier = RM95

PO & Receiving = RM100

Invoice Processing Team
To capture receiving in ERP = RM100
Separate line of retention is created to capture the retention value of -RM5

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