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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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Parameters

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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

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