MIRO Retention Accounting Entries

[former_member184631]

Hi Gurus ,

We have a Scenario where we mentioned a Retention Amount at Header . System automatically distribute the Percentage Amount at Item levels.When we post a MIRO related to that PO , system post an accouting entries to vendor reconcillation account .(Spl indicator H).If there are two item in invoice then system deduct retention on both items and show two separate Accounting entries related to each item.

Our requirement is that system should post a single entry related to total Invoice amount rather than generating separate entry for each line item in MIRO.

Reason for this is that we have around 100 line items in an invoice & at the time of retention payment it would become tedious to select 100 line items for payments. alternatively if only single entry gets generated in place of 100 line items then it would become easy to manage.

Pls guide how to tackle such scenario.

Thanks in advance !!

Honey

[srinivasa_maruvada · Accepted solution]

It appears you are using Installment payment term ( Created at OBB9) and system posts line items equal to number of instalments. Payment terms are assigned to Vendor Master so check which payment term is used.. Go to OBB8 and check any instalment paymenter term check box is selected. is selected go to OBB9 and check how many instalments?

Instead of intalment payment term, use normal payment term ( Created at OBB8) then system will post only one line item.

[42coding14 · Accepted solution]

This solution dont work