Say payment liability is 100 each month for 1 year. TCV = 1,200
Invoices raised monthly in arrears after performance/delivery (services)
10% Retentions each invoice is contractual term. What is the treatment?
Invoice 90 each month and 120 (10 x 12) when release event for Retention is triggered? If yes then I lose 10% from my P&L Monthly Reports as I only recognise 90 instead of 100.
is this the best treatment or any others?
Thanks
Invoices raised monthly in arrears after performance/delivery (services)
10% Retentions each invoice is contractual term. What is the treatment?
Invoice 90 each month and 120 (10 x 12) when release event for Retention is triggered? If yes then I lose 10% from my P&L Monthly Reports as I only recognise 90 instead of 100.
is this the best treatment or any others?
Thanks