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FYI on Invoiced Amount field on the Agreements form in Project Billing (form PAXINEAG)

edited Feb 16, 2010 6:06AM in Projects - EBS (MOSC) 1 commentAnswered
Just as general information for folks here, you have to be careful in looking at the Agreements form in Oracle (form PAXINEAG), especially if you have retention involved in your project billings to owners.  The "Invoiced Amount" field on this form  INCLUDES retention amount withheld.  For example, say you have a project funded by an agreement where you have 10% retention.  The first month, you do $1,000,000 of work on the project.  You actually bill the owner for $900,000 and the owner is going to pay you $900,000.  The $100,000 difference is withheld retention.  The amount you see in the Invoice Amount

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