| # Contract Installments (tsctm4100m000) Use this session to maintain the service-contract installments. Note The status of the service contract must be Active to maintain the installments. When you print the invoice using the Print Draft Invoice option, the invoice amount is calculated as:
    Invoice Amount = Installment Amount + VAT amount (based on the tax code)
Related topics How LN generates contract installments Service contract installments Correct the invoices To use currencies Using Historical Rates for Service Contract Revenue Recognition Introduction to GST Master data set-up Impact of GST on Service processes Service Contract The service contract that is linked to the installment. Service Contract The service contract description. Contract Amount The total contract amount that is invoiced in parts, periodically, or as determined by the user. The term's price determines this amount. Note If the contract has been canceled, the cancel date and the invoice method determine the contract amount. Installment Number The sequence number that identifies the installment line. Status Status of Contract Installments Installment Type Installment Type Effective Period The period for which the contract installment is applicable. Planned Invoice Date The date that you plan to invoice the installment amount. Note This is also the date for which the amount is calculated. Contract Change The contract change in combination with the service contract makes it possible to retrieve all contract installments related to the original service contract or to any contract renewal. Configuration Line The configuration for which this installment is specified. Installation Group A set of serialized items that have the same location and are owned by the same business partner. Grouping serialized items into an Installation group enables you to maintain them collectively. Item The item for which the contract installament is applicable. Serial Number The serial number of the item. Installment Text Text (additional) Contract Amount The currency, which is specified in the service contract. Amount The installment amount (without discount) in the contract's currency. Default value
    installment amount = total contract amount - total installment amount
Note If the total installment amount exceeds the total contract amount, LN displays a warning. Discount The installment's discount percentage. Discount The installment's discount amount in the contract currency. Default value
    discount amount = discount percentage * installment amount
Net Amount The installment's net amount. Default value
    net installment amount = installment amount - discount amount
Tax Amount Invoicing enters the installment's tax amount. You invoice the invoice-to business partner for this amount in the contract's currency. Percentage The forecast costs for this installment period. LN displays the costs as a percentage of the installment amount. Cost Amount Your company's reference currency, which is defined in the Companies (tcemm1170m000) session. Cost Amount The forecast cost amount for the installment period. Note You can include a discount by using the following formula:
    discount amount = discount percentage * installment amount
Installments The total gross amount of all invoiced and uninvoiced installments. Note If the total installment amount is greater than the contract amount, LN displays a warning. Incidental Change The total amount resulting from incidental changes. Indexation Amount The total amount resulting from indexation. Amount The total revenue amount expressed in the home currency. Start Date The date and time from which the financial transactions of this contract installment would be valid and start in the General Ledger module in Financials. Financial Periods The number of financial periods during which you distribute the installment amounts and the forecast costs. Note The number of financial periods is counted from the financial spreading start date, which should be less than the financial periods of the company. Invoice Number Invoicing enters the financial company's code that is linked to the installment. Invoice Number Invoicing enters the transaction type's code that is linked to the installment. Invoice Number Invoicing enters the installment's invoice sequence number. Invoice Date Invoicing enters the date on which you invoice the installment. Date Invoicing enters the date on which you post the installment to the General Ledger module in Financials. Fiscal Period A separate period, or year for financial purposes. Three financial period types exist: Fiscal, in which all transactions are recorded (for example, 12 months). Reporting, for management requirements (for example, 52 weeks). Tax, for tax regulations (for example, 4 quarters). Revenue Amount in Home Currency The revenue amount expressed in the home currency. Infor LN updates this value when the contract installment is processed for invoicing. Note This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session. Rate The currency rate for the home currency and the contract currency. Note This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session. Rate Factor The rate factor for the home currency and the contract currency. Note This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session. Rate Date The date and time when the currency rate is valid. Note This field is displayed only if the Use Multiple Functional Currencies check box is selected in the Companies (tcemm1170m000) session. Tax Code The tax code that identifies the tax rate and determines how the application calculates and registers tax amounts. Note You can use the Aggregate Tax code only of the type Service or Vat. You cannot use the excise related tax codes. If the GST Implemented check box is selected in the India Localization Parameters (tccom9136m00l) session, Infor LN defaults the tax code applicable for the address at which the goods are delivered. The tax code must be an aggregate tax code. Description The description or name of the code. ASV Origin The origin of the assessable value for excise. Allowed values ASV Origin Assessable Value The assessable value of the item for excise. Note This value is defaulted based on the value set in the ASV Origin field. ASV Discount The percentage of the discount applicable on the assessable value. Note This value is defaulted based on the value set in the ASV Origin field. Final ASV The final assessable value of the item for excise. Note This value is calculated based on the Assessable Value and the ASV Discount. Tax Breakdown Structure Starts the Tax Breakdown Structure (tctax0140m100) session. This session displays the tax structure defined for the selected tax code. Note: For a specific tax code, this button is enabled only if the Aggregate Tax check box is selected in the Tax Codes by Country (tcmcs0136s000) session. Accept Installment Use this command to change the status of the service contract installment to Accepted. Cancel Installment Use this command to change the status of the service contract installment to Canceled. Switch Status of Contract Installments Starts the Switch Status of Contract Installments (tsctm4201m000) session. Transfer Installments Use this command to transfer the service contract installments to Invoicing. Tax Breakdown Structure Starts the Tax Breakdown Structure (tctax9141m10l) session. This session displays the tax structure defined for the selected tax code. |