Vendor retention terms (form)

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 > Vendor payment retention terms.

Use this form to set up payment retention terms for vendor invoices. You can enter a percentage of a vendor payment that you want to retain and the amount, if any, that you want to release from amounts that were retained previously. Amounts are automatically retained on vendor invoices until the specified percentage of completion is reached.

Task that uses this form

Key tasks: Manage vendor payment retention for projects

Navigating the form

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

Fields

Field	Description
Rule ID	The identifier for a retention rule.
Description	Enter a name for the retention term. You must enter a description before you can add details for the retention term.
Percentage of units delivered	Enter the percentage of the number of units that the vendor must deliver before you release the retained amount.
Percentage to retain	Enter the percentage of vendor invoice amounts to retain.
Percentage to release	Enter the percentage of the previously retained amounts to release when the vendor delivers the specified percentage of units.

See also

About vendor payment retention for projects

Inquiry for vendor retained payments (form)

Vendor invoices with retention (form)

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