Understanding G/L Offset and Retainage Rules for JD Edwards EnterpriseOne Service Billing

Note: Deferred taxes on retainage amounts is not supported for service billing.

Before you generate or revise workfile transactions, you can set up G/L offset and retainage calculation rules. The system stores this information in the G/L Offset and Retainage Information table (F48128).

The G/L Offset and Retainage table:

• Defines overrides for G/L offsets and payment terms.

• Defines retainage information.

• Defines the currency mode override.

If you do not use the G/L Offset and Retainage table to set up the information, the system uses the G/L offset and the payment terms in the customer master information, and it does not calculate retainage.

When you generate invoices, the system supplies values to these fields for each transaction:

• Payment Terms

• G/L Offset

• Percent Retainage

• Retainage G/L Offset

You set up the G/L Offset and Retainage table using multiple key types and table keys. The system uses these key values to associate offset and payment terms to billing detail transactions with the same values.