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The Purchase Order Year End Close Process does not recognize purchase orders with no remaining amount, so POs with no remaining amount but with outstanding retainage are not included in this process and therefore not able to be carried into the new fiscal year. The retainage can be released in the new fiscal year but the PO must be finalized in the fiscal year in which it resides, creating the appearance that the PO was finalized before the retainage was released.

Category: General
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