Recognize Certified Retention
Explanation
This activity is used to recognize certified retentions. To have control of
posting elements, a system object property named RETENTION is defined
in IFS/Application Services. If the property value is set to TRUE, the
retention is recognized and separate vouchers will be created. If not, retention
postings will not be created.
Prerequisites
- The valuation should be in the Certification In Progress status.
System Effects
- Retention values are recognized as non-cumulative amounts.
- The status of the valuation changes to
Certified, and vouchers are created automatically.
- Postings are created for the retention amounts using the Voucher Date,
User Group and Voucher Type as defined in the
Certify
Valuation
dialog box. More information about the postings created
is available in Posting Types
for IFS Sub Contract Valuation.
Window
Sub Contract Valuation
Related Window Descriptions
Certify Valuation
Sub Contract Valuation
Procedure
- Open the
Sub Contract Valuation window and query (F3) for
the necessary valuation.
- Right-click anywhere in the header, point to Status, and then
click Certify. The
Certify Valuation dialog box opens.
- The default user group and voucher type appear automatically. You can
change these values, if necessary.
- Click OK.