Understanding Retainage Release for JD Edwards EnterpriseOne Service Billing

You release retainage when work is completed and the customer authorizes payment for the retained invoice amounts. When you release retainage, you manually create a pay item for the retained amount. You can add the pay item for retainage to an existing invoice, or you can create an additional invoice. This retainage release invoice shows a negative amount that represents the retained amounts from prior billings for the customer. You cannot release partial retained amounts.

Oracle recommends that you maintain a one-to-one relationship between invoices and retainage release invoices. If you combine the retainage for multiple invoices on a single retainage release invoice, and you need to void one of the invoices and its retainage, you must void the retainage release invoice for all the invoices. Then, you must rerelease retainage on the remaining invoices.

If you generate a batch of invoices that includes invoices that were created to release retainage, the total amount for the batch is reduced by the total amount of the released retainage.