Enter Payment Info per Company
Explanation
This activity can be
used to enter prerequisite data elements required by IFS/Payment.
Things you can specify are:
- If you want tax to be reduced at discount.
- The number series if default numbers are to be presented when manual payments are entered.
- If you want tax to be reduced at write-off.
- If suppliers with negative balances are to be included in payment proposals. This is
used as default value when a payment proposal is created.
- If credit invoices are to be included in payment proposals. This is used as default
value when a payment proposal is created.
- If credit invoices are included in payment proposals. Credit invoices are automatically
distributed among selected debit invoices per supplier, and are
automatically given the
same planned payment date as the respective debit invoices. This is used as default
value when a payment proposal is created.
- If advance payments are to be included in the supplier payment
proposals, this is used as a default value when a payment proposal is
created.
- If cash discounts are to be included in payment proposals (according to planned payment
dates and terms of payment as per invoice).
- If advance payments are to be included in direct
debiting proposals, this is used as a default value when a direct debiting
proposal is created.
- The interest invoice type, INTRINV to be used for interest invoices is proposed.
- If netting possibility is to be shown when supplier invoices are to be paid and the
supplier also is a customer within the same company.
- If checks are to be posted as cashed at the same time as check payment is created. If
not, checks are posted on an interim account until confirmation is received from
the payment
institute that the check has been cashed.
- The payment tolerance details for the company. This
information will be
used when payments are accepted.
Prerequisites
There are no prerequisites for performing this activity.
System Effects
There are no system effects as a result of this
activity.
Window
Company
Related Window Descriptions
Company
Procedure
- First ensure that you have specified the ID of the correct company.
- Select the Tax Reduction at Cash Discount check box if tax is to be reduced at discount.
- Select the Suggest Discount for Partial Payments check box if
discounts should be used for partially paid invoices.
- Enter a number series in the Default Customer/Supplier Invoice Series field if default
numbers are to be presented when manual payments are entered.
- Select the Include Supplier With Negative Balance check box if suppliers with negative
balances are to be included in payment proposals. This is used as default value when a
payment proposal is created.
- Select the appropriate check boxes in the Supplier
Payment Proposal Parameters area if the credit invoices, payments on account, and
advance payments are to be included in the supplier payment proposals. These
values will be used as default values when a supplier payment
proposal is created.
- Select the Allocate Credit Invoices According To Debit Invoices check box if credit
invoices are included in payment proposals. Credit invoices are automatically distributed
among selected debit invoices per supplier, and are automatically given the same planned
payment date as the respective debit invoices. This is used as default value when a
payment proposal is created.
- Select the Show Netting Possibility check box if netting possibility is to be shown when
supplier invoices are to be paid and the supplier also is a customer within the same
company.
- Select Include Customers With Positive Balance check box if
customers with negative
balances are to be included in customer repayment proposals. This is used as
the default value when a
customer repayment proposal is created.
- Select the appropriate check boxes in the Customer
Repayment Proposal Parameters area if debit invoices, payments on account,
and advance payments are to be included in
customer repayment proposals. They are used as default values when a
customer repayment proposal is created.
- Select the Show Netting Possibility check box if the netting
possibility needs to be shown in the Customer Payment Proposal
Details window after the proposal is loaded.
- Select the appropriate check boxes in the Customer
Direct Debiting Proposal Parameters area if credit invoices, payments on account,
and advance payments are to be included in
customer direct debiting proposals. They are used as default values when a direct
debiting proposal is created.
- Under Automatic Supplier Payment select the
Include Recurring Payments check box,
select Include Non-Supplier Payments
check box to include the relevant items in automatic supplier payment
proposals. These are the default values when creating automatic supplier
payment proposals.
- Select the Allocate Credit Items According
To Debit Items check box if credit items are to be included in customer
direct debiting proposals.
- Select the Generally Best Payment Term
check box to use discounts in customer
direct debiting proposals even if the discount date is passed.
- Select the Show Netting Possibility
check box if netting possibility is to be shown when customer invoices are
to be debited and the customer is also a supplier within the company.
- Under Payment Tolerance, enter the tolerance percentage (used for automatic write-off) and the maximum amount of tolerance accepted per payment. In the
Tolerance Currency field, enter the accounting currency used. In the
Tolerance Days for Discount field, enter the number of days after the entered discount date allowed in order for the payment to still receive the discount.
- Enter a value in the Interest Invoice Type field. The interest invoice type
INTRINV to be used
for interest invoices is proposed. Use the List of Values to select from
among valid options.
- Similarly, in the appropriate fields, enter invoice type values to be used for
customer difference items and supplier difference items. You can select values from the List of Values.
The default values
CUDIFFINV and SUDIFFINV will be proposed for customer difference items and
supplier difference items, respectively.
- From the Payment Posting Method list, select the method to use for posting invoice payments. If you select
Net, the current core approach is used. (For example, the invoice currency rate is used for postings of IP1/IP2 and the currency difference is posted on one side. If you select
Gross, the payment currency rate is used for IP1/IP2 postings and the currency difference is posted on two sides.)
- From the Reposting Method list, select the
method by which postings should be created when a ledger item is moved to
another account, i.e., Reverse or Correction. This method will affect
postings created from the Bad Debt Management window and
Repost Customer Ledger Item or Repost Supplier Ledger Item window.
- From the Dissolve Bad Debt Provision to
list, select how the posted bad debt provision should be dissolved, i.e., to
Cost (PP74) or Revenue (PP75). This will affect invoices with bad debt
provision when the bad debt level is changed or when they are transferred
from bad debt or partially/fully paid.
- Select the Allow Write-off for Partial Payments
check box if write off is to be allowed for partial payments or if it is
necessary to be able to change the write-off amount without changing he
payment amount.
- Save the record.