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.