Using Retention

You might choose to retain a portion of the funds that are due to a subcontractor until a later date. The SPC module of the JD Edwards EnterpriseOne software enables you to retain a percentage of a purchase order or application amount. When you enter a purchase order, you can specify a percentage to withhold from a subcontract purchase order line. You can change the percentage when you enter the application if needed.

When you specify a retention amount or percentage, the system generates entries in the Accounts Payable Ledger table (F0411) when you run the SPC Authenticated Receipt Retention Generation program as part of the SPC cascade. The system writes a positive and a negative line to the F0411 table for the amount of the retention. The program uses the AAIs, suspense account, tax rate area, and so on that you specify in the processing options.

When the system posts the voucher, it writes the positive and negative lines for the retention amount to the Account Ledger table (F0911), using the ledger type that you specified for retention purposes in the SPC Constants.