You can set up retention at either the project level or the top task level. The Retention Summary page summarizes the withheld and billed amount for each project customer. To expedite your setup, you can copy a project customer's retention level and retention terms to one or more customers on the same project.

When you review or define the retention terms for a customer, you take action for the following:

• Retention Level: Change the retention level for the project customer

• No Retention: Disable both the withholding and billing of retained amounts for a project customer by selecting No Retention

• Withholding Terms: Add, update, and delete withholding terms, withholding terms by expenditure category, and withholding terms by event revenue category

• Billing Terms: Add, update, and delete billing terms

• Retention Format: Select a retention format to derive the line description for the retention lines on project invoices. See: Invoice Formats.

• Tax Classification Code: Select the tax classification code for the retention invoice line. Oracle Projects uses this code as the default tax classification code based on the Application Tax Options hierarchy that you define in Oracle E-Business Tax for Oracle Projects and the project's operating unit. Oracle E-Business Tax uses this tax classification code to calculate tax amounts on the retention invoice line. For more information on setting up taxes and the hierarchy of application tax options for an application and operating unit, see the Oracle E-Business Tax User Guide.

• Account for Unbilled Retention: The value for this flag defaults from the value of the same flag in the Implementation Options window and cannot be changed. See: Accounting for Revenue and Invoices, Oracle Projects Implementation Guide.

Oracle Projects maintains the total amount withheld per withholding term. You cannot delete a withholding term with a withheld balance, but you can disable it by editing the End Date. Also, when you copy a project or a project template, the retention setup is also copied to the new project.