inforln.com erp ln 10.4 advance invoicing enhancements
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Infor LN 10.4 Invoicing - Advance Invoicing EnhancementsRollout trainingCampus Course Code: 02_0021040_EEN0472_ELN
July 2014
Ramamurthy Mahesh
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Agenda• Advance Invoicing Enhancements – Why ?• Advance Invoice / Payment Request – Solution Overview• Advance Payment Request – Solution Details
• Parameters
• Advance Payment Request – Invoicing
• Advance Payment Request – Settlement
• Demo
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Advance Invoicing Enhancements – Why ?• Till ERP LN 10.3, when an Advance Installment is invoiced, they are
treated as actual invoices with tax amounts and logged in sales listing.
• Customers wanted an ability to distinguish Advance Invoice having tax implications and an Advance Payment Request without tax implication .• Advance Invoice with tax implication - Relates to a delivery or a performance. They
are logged in sales listing.
• Advance Payment Request with no tax implication – A note or request for payment before commencement of any delivery or performance. This has no tax implications, consequently not logged in sales listing as well.
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Advance Invoice / Payment Request – Solution Overview• Parameterized option to make available
• Advance Invoice
• Advance Payment Request
• Both
• Advance Payment Request handled without any tax implication, during invoicing.
• The existing functionality relating to advance installments till ERP LN 10.3 will be available as it is as “Advance Invoice” in ERP LN 10.4.
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Advance Payment Request – Solution Details• Introduced in ERP LN 10.4• Advance Payment Requests can be created and released to Invoicing
from • Order management - Sales
• Project Contract
• Specification of type of Advance Installment to use in• Sales Order Parameter ( Request / Invoice / Request or Invoice)
• Contract Parameters ( Request / Invoice / Request or Invoice)
• “No Tax” tax code used.
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Advance Payment Request - Invoicing• Separate transaction type
and series can be maintained in the Invoicing Parameters by Source Type.
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Advance Payment Request - Invoicing• Simple layout printed to
request payment.• No sales listing records
created.
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Advance Payment Request - Invoicing
• Additional element logged in Integration Transaction for mapping• Advance Payment Request – Yes
/ No.
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Advance Payment Request - Settlement• When goods invoice is settled with Advance Payment request, tax is
calculated on the full goods invoice line amount. • Sales Listing is logged for full invoice line amount.• Example
• Sales Order Line EUR 1000 with tax rate @ 10%
• Advance Payment Request for EUR 400.
Net Amount Tax Amount Invoice Amount Sales Listing
Advance Payment Request 400 0 400Not logged
Goods Invoice ( EUR 1000 - Settlement EUR 400) 600 100 700 1000
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Demo