Register now or log in to join your professional community.
In some industries, subcontract retention may be called retainage. Thus, the terms retainage and retention may be used interchangeably.
U.S. federal government requirements prohibit the billing of unpaid expenses. In the JD Edwards EnterpriseOne system, you use retainage functionality to automate the recording of retention to nonbillable accounts for transactions with an inventory interface of A and B only. The system uses financial automatic accounting instruction (AAI) PCNBRT for retainage processing during voucher match. To enable the subcontract retention functionality in the JD Edwards EnterpriseOne system, you must:
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.