Recalculating Retainage for JD Edwards EnterpriseOne Service Billing

Access the Service Billing Invoice Entry form.

Percent Retainage

Enter the retainage rate for the invoice pay item. The rate is a percentage that is expressed as a number. For example, you enter a retainage rate of 10.5 percent as 10.5. Do not enter a retainage percentage that is greater than 99.99 or less than zero.

Retainage Amount

Enter the retained amount for the invoice pay item.

Ret Offset (retainage offset)

To change the accounting rule that is associated with the journal entries for the retainage, specify the code that designates the offset accounts for retainage, for example RETN or 1225. You set up the code as an AAI.

Note: Do not use code 9999. This code is reserved for the post program and indicates that offsets should not be created.

If you do not complete the Ret Offset field to direct the system to a specific retainage account, the system uses the AAI for the Trade Accounts Receivable account.