VENDOR INVOICE RETENTION

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Posted on by Oluwseun Abati

Hello,

Please how do i handle retention on a supplier invoice. This is the expected invoice journal entry with a 5% retention agreement for example.

Invoice
Dr item 5000
Dr VAT (18%) 900
Cr Vendor 5605
Cr Retention (5%) 295

How do i get this result on BC?

Categories:

Purchasing

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JJMc 286 on at

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VENDOR INVOICE RETENTION

If you like, I work for a Microsoft partner and I have made an extension to achive this.

If you want further information you can contac me in jmadrigal@tecon.es

Kind regards
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YUN ZHU 68,757 Super User 2024 Season 2 on at

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VENDOR INVOICE RETENTION

As Valentin mentioned, this functionality is not available in BC, I remember it is in AX.

Hopefully the discussion below can give you some tips.

https://community.dynamics.com/forums/thread/details/?threadid=922b2085-8dbe-ee11-9079-002248244c88

Thanks

ZHU
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Valentin Castravet 21,819 Super User 2024 Season 2 on at

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VENDOR INVOICE RETENTION

Business Central doesn't really have anything out of the box for invoice retentions without customizing the system or getting an add-on that does it.

You could try to use invoice prepayments, on an order you would create a prepayment invoice for 5%. This would essentially be your retention agreement/invoice. Then you would post the final invoice for the remaining 95%. This way from 2 orders you would have 2 invoices, 1 for 5% and 1 for 95%.

Invoice Prepayments - Business Central | Microsoft Learn

Valentin Castravet

Zander ERP Services
gdrenteria 8,918 Most Valuable Professional on at

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VENDOR INVOICE RETENTION

Hi

Maybe here you can found an properly extension

https://appsource.microsoft.com/es-es/marketplace/apps?search=retention&page=1&product=dynamics-365-business-central

Best regards

Gerardo