- | # Installments (tppin4151m000) Use this session to create and maintain installment schedules and their data. Tabs General Enter the general installment data including the contract data. Payment Using the Generate Installments to be Invoiced (tppin4251m000) session, the installments related to a triggering activity or milestone can be set to To be Invoiced, if the activity or milestone is finished, or if the planned invoice dates is earlier than or the same as the actual invoice date. Additional Work Enter data for additional work. This is only used in progress invoicing. Select and display points, percentages, or the fixed amount associated with normal work. Note If you delete an installment, LN also deletes its number in the corresponding advance. Related topics Using installment invoicing Introduction to GST Impact of GST on Project processes General Contract The code that identifies the contract. Description The description or name of the code. Status The contract status. Note If the contract header status is Canceled, all the lines are also set to Canceled. Contract Line The contract line number that is linked to the installment. Description The description or name of the code. Status The contract line status. Note The contract line can be set to Active only if the contract is set to Active. If the contract header status is Canceled, all the lines are also set to Canceled. Project The code that identifies the project linked to the installment. Note LN allows you to create an installment without specifying a project. However it is mandatory to specify the project before you approve the installment. LN clears the value in this field when you create a new contract using the Copy Contract (tpctm1200m000) session. Description The description or name of the code. Status The current status of the project linked to the installment. Contract Amount The total contract line amount. Currency The currency of the contract line amount. Home Contract Amount The contract amount in the home currency. Sold-to Business Partner The sold-to business partner for the installment. Name The description or name of the code. Installment The code that identifies the installment. Description The description or name of the code. Advance Amount to Be Settled The currency of the advance amount. Advance Amount to Be Settled The advance amount to be settled with the installment. General Element The code that identifies the element to which the installment is linked. Description The description or name of the code. Work Authorization Status The work authorization status of the element. Activity The code that identifies the project plan. Activity The code that identifies the activity linked to the installment. Description The description or name of the code. Work Authorization Status The work authorization status of the activity. Currency Rate The currency exchange rate to convert the transaction currency to the displayed home currency. Rate Factor The rate factor that belongs to the displayed currency rate. Rate The rate defined by the rate determiner and the business partner exchange-rate type. Use Holdback If this check box is selected, you can apply holdback to this installment. LN enters a record in holdback when you release an installment. Holdback Percentage The holdback amount or percentage defined for the installment. Note LN defaults the value defined for the holdback percentage or amount in the Contracts (tpctm1100m000) and the Contract Lines (tpctm1110m000) sessions. However, you can change the value. The value you enter must not exceed the installment amount. If a holdback percentage is defined for a project and if the Use Holdback check box is selected for the installment linked to the project, the holdback percentage of the project is defaulted in this field. Invoice Discount The percentage discount defined for the installment invoice. Note LN defaults the value from the Contract Lines (tpctm1110m000) session. However, you can change the value. Paying Payment Terms for Financial Analysis (in days) The payment terms linked to the installment. Description The description or name of the code. Late Payment Surcharge The late payment surcharge for the installment. Description The description or name of the code. Payment Method The payment method for the installment. Description The description or name of the code. Normal Work for Installment This Installment The number of points for this installment. You can access this field if you set the Installment Type field to Points in the Contract Lines (tpctm1110m000) session. Default value The total number of points per project minus the points of prior installments. This Installment The percentage amount of this installment. You can access this field if you set the Installment Type field to Percentage Chart in the Contract Lines (tpctm1110m000) session. Default value 100% minus the total percentage of prior installments. This Installment The amount of the current installment. LN calculates this amount based on the following settings in the Installment Type field by using the Contract Lines (tpctm1110m000) session: Points Chart
      Amount = (number of points per installment * contract amount) / total number of points per project
- Percentage Chart
      Amount = percentage per installment * contract amount
- Fixed Amount
      Amount = contract amount - total of the installments for project
- This Installment The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies. Approved for Invoicing If this check box is selected, you can transfer the record to the Invoicing module using the Transfer Transactions to Invoicing (tppin4200m000) session. Note If this check box is cleared, and the Invoice Document field is zero, the following fields are zero: Points to be Invoiced Percentage to be Invoiced Installment Amount to be Invoiced Installment Amount Add. Work to be Invoiced Points The remaining points to be invoiced. You can access this field if the Approved for Invoicing check box is selected in this session. Default value The difference between the field values for the Number of Points field and the Points Invoiced field. Note The user must not have invoiced all the points for this installment. Approved for Invoicing The remaining percentage to be invoiced. You can access this field if the Approved for Invoicing check box is selected and you have not invoiced the full percentage amount of this installment. Default value The difference between the field values for the Percentage and the Invoiced Percentage fields. Approved for Invoicing The remaining installment amount to invoice. If you select the Approved for Invoicing check box, you can access this field. In addition, you must not have invoiced the full amount of the installment. LN calculates this amount based on the following settings in the Installment Type field in the Contract Lines (tpctm1110m000) session: Points
      Amount = invoicable points * total number of points
- Percentage Chart
      Amount = invoicable percentage * contract amount
- Fixed Amount
      Amount = total installment amount - invoiced installment amount
Approved for Invoicing The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies. Invoiced The number of points currently invoiced for the installment. If you used the initial stage folder, you can access this field. Note To enter the number of points, you must set the Installment Type field to Points in the Contract Lines (tpctm1110m000) session. Invoiced The percentage currently invoiced for the installment. If you used the initial stage folder, you can access this field. Note To enter the percentage, you must set the Installment Type field to Percentage Chart in the Contract Lines (tpctm1110m000) session. Invoiced The amount currently invoiced for the installment. Note The invoiced amount must be smaller than the installment amount. Invoiced The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies. Total inv. on Contract The total number of points currently invoiced for the installment. Total inv. on Contract The total percentage currently invoiced for the installment. Total inv. on Contract The total installment amount currently invoiced for the project. Total inv. on Contract The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies. Transferred to Invoicing If this check box is selected, you have transferred the record to the Invoicing module using the Transfer Project Data to Central Invoicing (tppin4200m000) session. Final Installment This check box is selected only for projects with invoicing method set to progress invoice in the Contract Lines (tpctm1110m000) session and if the Final Installment check box in the Invoicing Methods (tcmcs0155s000) session is selected. Closed If this check box is selected, you can print and post an installment invoice in the Invoicing module under the following conditions. The total invoiced amount must be greater than or equal to the installment amount. The Invoice type field in the Contract Lines (tpctm1110m000) session is set to Progress Invoice. Invoice Document Company LN enters the code of the financial company to invoice that is linked to the project. Invoice Document Transaction Type LN enters the procedure type for the transaction. Note The Invoicing module identifies an invoice by this field. Invoice Document Number LN enters a sequence number for the invoice. Note The Invoicing module identifies an invoice by this field. Infor LN updates this value with the number of the new invoice that is created when you cancel and regenerate the invoice, in Invoicing. When you cancel the invoice, you can only modify the invoice data such as reference, address, and tax number, if required. You can also modify the Billable Amount when you create a credit note for a specific invoice line.. Infor LN updates this value with the number of the new invoice that is created when you cancel and regenerate the invoice, in Invoicing. When you cancel the invoice, you can modify the invoice data such as reference, address, and tax number. However, you can also modify the Billable Amount if you create a credit note for a specific invoice line. Only the authorized users (in Invoicing) can modify the amount. The invoice must not be linked to an installment. The status of the project must not be Closed. Payment Triggering Triggering Activity The activity that triggers the installment. Status The status of the activity that triggers the installment. Planned Invoice Date The planned date to generate the installment invoice. LN uses this date in the Display Financial Analysis (Graph) (tppss0701m000) session and in the Performance-Measurement using EVM (Graph) (tppss0702m000) session. Note You can modify this date using the Update Planned Invoice Dates (tppin4252m000) session. By default, LN enters the activity or element's finish date based on the Control By field in the Projects (tppdm6100m000) session. Cost Control Period For cost control purposes, LN sends the transaction to the project history in this year. Cost Control Period For cost control purposes, you must send the transaction to the project history during this cost control period. Description The description or name of the code. End Date Progress Invoice Period The date and time up to which you include progress in the Create Progress Invoice Installments (tppin1210m000) session. Related topics Entering a date Entering a time Text Specify the additional text that you can add to an invoice Text on Invoice If this check box is selected, you can use the additional information(text) of the installment in the invoice. Tax Tax Classification The tax classification for the installment, defined in the Tax Classifications (tctax0116m000) session. Description The description or name of the code. Exempt If this check box is selected, the tax code represents tax exemption. Tax Country The tax country for the installment. Description The description or name of the code. Own Tax Number The tax number allotted by the government to you. Tax Code The tax code for the advance payment request, defined in the Tax Codes by Country (tcmcs0536m000) session. Description The description or name of the code. BP Tax Country The tax country of the sold-to business partner for the advance payment request. Description The description or name of the code. BP Tax Number The tax number allotted by the government to the sold-to business partner. Tax Exemption Certificate The tax exemption certificate number if tax is exempted for the installment. Note You can enter the tax exemption certificate number if the Exempt checkbox is selected. You can view this field if in the Tax Parameters (tctax0100m000) session: the Tax Exempt Level field is set to Extended and at least one of the search sequence levels is set to Exemptions by Country or Exemptions by Country Set. Related topics To set up tax exemptions Search Order Tax Defaults Tax Exemption Reason The code that identifies the reason if tax is exempted for the installment. Note You can enter the tax exemption reason if the Exempt checkbox is selected. You can view this field if in the Tax Parameters (tctax0100m000) session: the Tax Exempt Level field is set to Extended and at least one of the search sequence levels is set to Exemptions by Country or Exemptions by Country Set. Related topics To set up tax exemptions Search Order Tax Defaults Description The description or name of the code. Additional Work for Installment Additional Work Description Installment The description of the additional work for the installment. Revenue Code The code that identifies the revenue. Note When you process the invoice in the Invoicing module, LN sends the installment revenue to the revenue code in the project history. Description The description or name of the code. This Installment The total amount of additional work in this installment. This Installment The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies. Approved For Invoicing The home currency used to express the amount for additional work for installment. Invoiced The additional work amount currently invoiced for the installment. Note If the invoice amount is smaller than the installment amount, you can enter the initial levels of installments. Invoiced The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies. Invoice Document Company LN enters the code of the financial company to invoice that is linked to the project. Invoice Document Transaction Type LN enters the procedure type for the transaction. Note The Invoicing module identifies an invoice by this field. Invoice Document Number LN enters a sequence number for the invoice. Note The Invoicing module identifies an invoice by this field. Infor LN updates this value with the number of the new invoice that is created when you cancel and regenerate the invoice, in Invoicing. When you cancel the invoice, you can only modify the invoice data such as reference, address, and tax number, if required. You can also modify the Billable Amount when you create a credit note for a specific invoice line, such as manual sales invoice. Invoiced The amount currently invoiced for the installment. Note The invoiced amount must be smaller than the installment amount. Currency The home currency for the installment. No. of Points The total number of points that you can distribute to the installments of the project. Example
Contract amount by customer | EUR 600,000
Number of points | 300
Installment 1 | 100 points | EUR 200,000
Installment 2 | 75 points | EUR 150,000
Installment 3 | 75 points | EUR 150,000
Installment 4 | 50 points | EUR 100,000
- | - | EUR 600,000
Note To enter the number of points, you must set the Installment Type field to Points in the Contract Lines (tpctm1110m000) session. Revenue Code The code that identifies the revenue that corresponds to the installment, defined in the Standard Revenues (tppdm0515m000) or Project - Revenues (tppdm6515m000) session. Description The description or name of the code. Post to Fiscal Period The fiscal year in which the installment is planned. Fiscal Period The fiscal period in which the installment is planned. Tax Code The aggregate tax code defined for the business partner in the Project Business Partner (tppdm6101s000) session is displayed here. You can change the value. Related topics Example of aggregate tax code Description The description or name of the code. BP Tax Country The country defined in the BP Tax Country field in the Project Business Partner (tppdm6101s000) session is displayed here. You can change the value. Description The description or name of the code. Invoiced The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies. Total The installment amount currently invoiced for the installment. Total The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies. Invoice Document LN enters the code of the financial company to invoice. Usually this is the company linked to the project. Invoice Document LN enters the procedure type for the transaction. Invoicing identifies an invoice by this field. Invoice Document LN enters a sequence number for the invoice. Invoicing identifies an invoice by this field. / The description or name of the code. Tax Classification An attribute of order headers and order lines that you can use to define tax exceptions for the transaction. ERP LN retrieves the default tax classification from the invoice-from and invoice-to business partners. For example, you can use the tax classification to indicate: That payments to an invoice-from business partner are subject to withholding tax and social contributions To group business partners that have the same tax aspects for your company, for example, subcontractors, or agents That the tax must be paid in a country other than the sales office or service office's home country Tax Classification The description or name of the code. Exempt If this check box is selected, the taxes applied for the order are exempted. Tax Country The tax country. By default, the value is displayed from the Project Business Partner (tppdm6101s000) session. The user can change the value. Tax Country The description or name of the code. Registration Number Sequence(BP) The sequence number assigned to your business partner's tax registration number. The value is defaulted from Business Partner by Project (tppdm6101s000) session. To change the value, click the browse arrow to select the sequence number from the Registration Number by Business Partner (tctax4100m000) session. Registration Number(BP) The tax registration number of your business partner corresponding to the sequence number you select in the Registration Number Sequence (BP) field. Tax Exemption Certificate Number Tax Exemption Certificate Number Tax Exemption Reason Code Tax Exemption Reason Code Tax Exemption Reason Code The description or name of the code. Percentage The percentage of the approved invoice amount used to calculate the assessable value for VAT. Percentage = Assessable Value for VAT / Invoice Amount. Assessable Value for VAT The assessable value (ASV) amount for VAT. LN calculates the value using the following formula: ASV for VAT
    ASV for VAT =
    Percentage of the approved Invoice Amount or Sales Price + Excise Duties paid on Shipments linked to Installments - Holdback Amount
The percentage is defined in the Percentage field. Note The ASV is based on the tax method. For more details, refer to Overview. Assessable Value for Service Tax The percentage of the approved invoice amount used to calculate Service tax. Percentage = Assessable Value for Service Tax / Invoice Amount Assessable Value Amount for Service Tax The assessable value amount for Service tax. LN calculates the value using the following formula : ASV Amount for Service Tax
    Assessable Value Amount for Service Tax = Percentage of the Invoice Amount - Holdback Amount.
The percentage is defined in the Percentage field. Tax Amount The total tax amount as calculated in the Tax Breakdown Structure (tctax9141m10l) session. The amount includes both claimable and non-claimable taxes. Note This is a display field. Percentage for Additional Work (Assessable Value for VAT) The percentage of the approved invoice amount for additional work, used to calculate the assessable value for VAT. Percentage = Assessable Value for VAT / Invoice Amount Assessable Value Amount for VAT for Additional Work The assessable value (ASV) amount for VAT for additional work. LN calculates the value as the percentage of the approved Invoice Amount/Sales Price. The percentage is defined in the Percentage field. Note The ASV is based on the tax method. For more details, refer to Overview. Percentage for Additional Work (Assessable Value for Service Tax) The percentage of the approved invoice amount for additional work used to calculate Service tax. Percentage = Assessable Value for Service Tax / Invoice Amount Assessable Value Amount for Service Tax for Additional Work The assessable value (ASV) amount for Service for additional work. LN calculates the value as the percentage of the approved Invoice Amount/Sales Price. The percentage is defined in the Percentage field. Note The ASV is based on the tax method. For more details, refer to Overview. Tax Amount (for Additional work) The total tax amount for the additional work as calculated in the Tax Breakdown Structure (tctax9141m10l) session. The amount includes both claimable and non-claimable taxes. Note This is a display field. GST Applicable If this check box is selected, GST is applicable. Note By default this check box is selected, if the GST Implemented check box is selected in the India Localization Parameters (tccom9136m00l) session, and the specified item is not defined in the GST Exception Item List (tccom9135m00l) session. Assessable Value for GST The assessable value, based on which GST is calculated. Assessable Value for VAT The assessable value, based on which GST is calculated for additional work. Approve Approves the selected installment. Unapprove Disapproves the selected installment. Initial Setup Displays the previously invoiced installments. For example, a company migrates to Infor LN Project. The entire installment schedule is captured as part of the contract set-up. In case, certain installments are already invoiced before the migration, you can use the Initial Setup option to view and modify the data of the invoiced installments. |