Customer payment retention terms (form) [AX 2012]

Updated: October 11, 2012

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click Project management and accounting > Setup > Retention > Customer payment retention terms.

Use this form to set up retention terms for customer invoices. You can enter an amount or the percentage of a customer payment to retain. You can also enter a percentage of completion for the project. Amounts are automatically retained on project invoices until the project reaches this percentage.

NoteNote

If you are using Microsoft Dynamics AX 2012 Feature Pack or Microsoft Dynamics AX 2012, this form is available only if the Project Management and Accounting Add-in is installed.

The following table provides descriptions for the controls in this form.

Field

Description

Retention term

The identifier for a retention term.

Description

Enter a description for the retention term.

Percentage of work complete

Enter a percentage of completion for the project. Amounts are automatically retained on project invoices until the project stage reaches this percentage. For example, if you enter 50 percent, amounts are retained until the project is 50 percent completed.

Customer payment retention percentage

Enter the percentage of the invoice amount to retain until the specified percentage of work is completed.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

Community Additions

Show: