0 Replies Latest reply on Oct 18, 2016 6:01 PM by Anil Aadimulam-Oracle

    How to create Retainage release invoice from iSupplier Portal?

    Anil Aadimulam-Oracle

      Business scenario

       

      1.Buyer created Complex PO for Total PO Value : USD 100,000 with Retainage % = 10% , Maximum Retainage amount : USD 10,000

      2.Supplier created Work confirmation using iSupplier Portal against Complex PO for USD 100,000 (i.e., 100% work completed)

      3.Work confirmation is approved by Buyer

      4.Supplier created Invoice using iSupplier portal for USD 100,000 (i.e., 100% of Work confirmation)

      5.AP team validated invoice, system automatically retained USD 10,000 as per Complex PO and Payment made for USD 90,000

      6.Supplier is now unable to search the PO or create Retainage Release invoice through iSupplier Portal

       

      Can't iSupplier create Retainage Release invoice, is this not available as standard functionality ?

       

      We can see Prepayment & Standard Invoices are allowed through iSupplier for a Complex PO, however we are unable to find solution on how to allow creation of Retainage release invoice through iSupplier portal.

       

      It would be a great help if some one can advise on this.

       

      Regards

      Anil