| # Contract Parameters (tpctm0100m000) Use this session to maintain and initialize the parameters for LN contracts. By default, the Description field contains the date and time when the previous parameter set was saved. In order to avoid confusion, if you change the parameters, you must change or delete the Description text as well. Note The parameters you set in this session are valid for all contracts you set up in this company. Parameters also serve as defaults for some fields. Related topics Contract data set-up Contract lines data setup To define a contract Introduction Date The date and time this parameter setting becomes valid. Description The description of the parameter setting. Contract Numbers Contracts Number Group The default number group defined for the contract. Description The description or name of the code. Contract Series The contract series. Description The description or name of the code. Contract Line Step Size The number that defines the sequence for the successive steps that must be performed for the contract line. For example, if the step size is 10, the numbers assigned to the successive steps are 20, 30, and so on. Change Management Log History If this check box is selected, LN allows you to record the contract history data for all the changes made to the contract data in the Contracts (tpctm1100m000) and the Contract Deliverables (tppdm7100m100) sessions. Rates Default Exchange Rate Type The default exchange-rate type for the contracts. Description The description or name of the code. Allow New Orders for Contracts with Status Free If this check box is selected, you can create a new order (such as purchase, sales, production, service, and warehousing), if the contract, contract line, and the deliverable status is Free. This gives the user an additional option during the initial phase of the contract or project. Note By default, this check box is cleared. Delivered Contract Deliverables If this check box is selected, you can create new orders (such as purchase, sales, production, service, and warehousing) for deliverables that are shipped (the status of the deliverable must be Delivered). This gives the user an additional option, if required, even after the deliverable is shipped. Note By default, this check box is cleared. Backorders Activate Backorders automatically If this check box is selected, LN automatically confirms backorders, when created, for contact deliverables. Release Backorders automatically to Warehousing If this check box is selected, LN automatically releases the confirmed backorders to warehousing. Progress Payment Requests If this check box is selected, Infor LN allows you to create progress payment requests for contracts. Small Business If this check box is selected, the business entity can be considered as a small business. Note This check box is enabled only if the Progress Payment Requests check box is selected. Use Advance Payments as Use Advance Payment as The type of advance payment used for contracts and contract lines. The advance payment types are selected based on the legal requirements of a country or the business. For the advance payment types ( Request and Invoice), open entries are generated. An advance payment represents a request to the business partner to pay in advance a certain amount or percentage. An advance invoice represents a normal invoice that must comply with all legal requirements and is included in the sales listing, VAT declaration and Revenue recognition. An advance invoice is a legal document and therefore an official number is generated. The same is also included in the sales listing. Note Tax is applicable only for an advance invoice. Allowed values Advance Payment Note Default value is Request. |