What is special retention amount in SAP (FI-AF-DPC - Down Payment Chains)?

SAP Term: special retention amount

• Component: FI-AF-DPC

• Component Name: Down Payment Chains

• Description: A retention amount for incorrectly created partial invoices for example false estimates, quality defects which is not covered by the contractually defined security retention amount. A special retention amount can be reimbursed when relevant problems or defects have been rectified.

AnswerBot for ERP

• Key Concepts: 
  Special retention amount is a feature of the FI-AF-DPC Down Payment Chains component of SAP. It allows for a certain amount of money to be held back from a payment until certain conditions are met. This amount is referred to as the special retention amount. 
  
  How to use it: 
  The special retention amount can be set up in the system by entering the desired amount in the “Special Retention Amount” field. This field can be found in the “Down Payment Chain” tab of the FI-AF-DPC Down Payment Chains component. Once the desired amount is entered, it will be held back from any payments made until the conditions set out in the chain are met. 
  
  Tips & Tricks: 
  When setting up a special retention amount, it is important to ensure that all conditions are clearly defined and understood by all parties involved. This will help to ensure that payments are made correctly and on time. 
  
  Related Information: 
  For more information on setting up and using special retention amounts, please refer to SAP Help documentation or contact your local SAP support team.