I am trying to release a vendor retention on a project for payment but am not able to get the system to do this automatically. I have completed all of the setups mentioned in the documentations. I am doing this on a simple T&M project with one vendor and one PO. I am able to complete the PO and have 10% retained. I can see this in its own ledger account and I can see this on all of the various project inquiries and reports. I am also able to manually force the retention release by going back to the PO and doing another invoice and selecting release retention for payment.
However, this could be a very tedious task if there were many PO's and lines. In the vendor retention terms setup, there is a field to specify "Percentage to Release" which according to TechNet is supposed to automatically release the retention for payment. I am not able to get this to work nor can I find anything stating what the trigger is or how to make it happen.
Retention terms setup as follows:
100% - percentage of units delivered
10% - percentage to retain
100% - percentage to release
Does anyone have any suggestions?
Thanks
Dave