| # Payment Advice (tfcmg1120s000) use.session.to maintain payment advice for open items. You can include multiple unallocated payments and multiple advance payments in the payment advice. The composing criteria must be unique. Infor ERP LN generates sequence numbers for the unallocated payments and advance payments. Related topics To book credit notes Payment Batch Enter the payment batch to generate a payment advice. Inv-from Bus Partner Enter the invoice-from business partner code. Inv.From Bus Partner The business partner's name. Original Company Select the company used for transactions related to the payment batch and invoice-from business partner entered in the Payment Batch and Inv-from Bus Partner fields. Type of Advice Select a payment advice type and category. Bank Reference If you use bank reference numbers, this is the bank reference number of the invoice. Related topics Bank reference numbers Document Enter a transaction type and document number of the selected invoice or credit note. You cannot select trade note documents because for trade notes, the payment advice lines can be split into payment advice lines for lower amounts, but standing orders, stand-alone payments, and subcontracting invoices cannot be split. You get an invoice number by linking the transaction type to the document. The invoice number is used to create the payment advice. Related topics To book credit notes Document The sequence number indicates the standing order line to which the payment advice refers. If you include multiple unallocated payments or multiple advance payments, this field displays the sequence numbers of the advance or unallocated payments that you include in the payment advice. Category The advance payment category. If you selected the Allow Advance Payment Category check box in the CMG Parameters (tfcmg0100s000) session and the posting method is Advance payment, you must select a category. For details, refer to Advance Payment Categories. Subcontracting If this check box is selected, the purchase invoice is a subcontracting invoice. Pay-to Business Partner The pay-to business partner. Original Pay-to BP If the invoice is factored, this is the original pay-by business partner. Related topics Factoring Currency Select the currency used to make payments. Rate The currency exchange rate and the rate factor. Default value The exchange rate linked to the currency in the Currency Rates (tcmcs0108m000) session. Rate Displays the result of the selected rate. Amount to be paid The amount to be paid. The default amount is: For invoices : The open balance. For standing orders : The amount due. Miscellaneous : No default value. Amounts are converted to the selected currency before payment. Note To create a payment advice for only a part of the outstanding amount or to create a payment advice for part of the open amount, you can change the amount. Balance Amount The balance amount in the invoice currency. Amount Invoice Curr. The Amount to be paid amount in the invoice currency. Amount Invoice Curr. The invoice currency in case of a purchase invoice/credit note, sales invoice/credit note, or a standing order. In all other cases, it is the payment currency. Amount In The home currency. From the Tools menu, choose Rotate Currency to switch home currencies. Amount In The Amount to be paid amount in the home currency. From the Tools menu, choose Rotate Currency to switch home currencies. Late Payment Surcharge A late payment surcharge is included in the invoice amount. If the invoice is paid before the date defined in the Late Paym.Surch.Date field of the Sales Invoices (tfacr1110s000) session, or in the Purchase Invoices (tfacp1110s000) session, this amount is deducted from the invoice amount. You can only access this field if the Type of Advice field contains one of the following values: Purchase Invoice Purchase Credit Note Sales Invoice Sales Credit Note Amount In The Late Payment Surcharge amount in the home currency. From the Tools menu, choose Rotate Currency to switch home currencies. Discount Enter the discount amount deducted from the invoice amount when the invoice is paid before a certain date. For partial payments, the proportionate discount amount can be deducted. Example You can deduct a discount of $400 from an invoice amount of $10,000, if the amount is paid before 01-01-2004. On 29-12-2003, you pay $8,000. Depending on the value of the LPS/Discount for Partial Payments field of the CMG Parameters (tfcmg0100s000) session, the discount to be deducted from the invoice amount can be calculated. 80% (8000/10000 x 100%) of the invoice amount is paid. Consequently, the discount to be deducted is: 80% x $400 = $320. The number of periods allowed for discount calculation are defined in: Purchase Invoices (tfacp1110s000) Sales Invoices (tfacr1110s000) Amount In The Discount amount in the home currency. From the Tools menu, choose Rotate Currency to switch home currencies. Payment Difference Enter the payment difference amount for the selected invoice or credit note. Payment difference = Payment/receipt of invoice amount - discount/late payment surcharge. The value in this field appears, by default, if the criteria defined in the following fields of the CMG Parameters (tfcmg0100s000) session are met: Invoice Amount Lower than expected Invoice Amount Higher than expected Percentage of Invoice lower than expected Percentage of Invoice higher than expected Amount In The Payment Difference amount in the home currency. From the Tools menu, choose Rotate Currency to switch home currencies. Factoring Commission in If the invoice is factored, this is the factor's commission amount. Related topics Factoring Factoring Commission The invoice currency. Amount In The home currency. From the Tools menu, choose Rotate Currency to switch home currencies. Amount In The Factoring Commission in amount in the home currency. From the Tools menu, choose Rotate Currency to switch home currencies. Reference Enter the reference text which will be printed in the payment advice. Payment Agreement The payment agreement. Related topics To use payment agreements Payment/Receipt Method Select a payment method code attached to the payment batch. Related topics Payment Methods Planned Payment Date The date on which the amount defined in the Amount to be paid field is paid. Default value The default date has been linked to invoices and credit notes in the Sales Invoices (tfacr1110s000) session and the Purchase Invoices (tfacp1110s000) session, and is calculated based on the due date. The value in this field will appear, by default, if the Planned Payment/Receipt Date based on Due Date check box is selected in the Payment/Receipt Method (tfcmg0140s000) session. Type of Payment A code that indicates the type of payment. The bank needs the type of payment indicator to handle the payment order correctly. Reason for Payment Use the browse arrow to select a reason for payment specified in the Reasons for Payment (tfcmg0130m000) session. Additional description code The code for the description of the reason for payment in a foreign currency. Infor ERP LN displays the default additional description code. If you wish, you can change the additional description code. Additional Description The additional description states the reason for a payment in a foreign currency. Bank Select a bank relation to be attached to this payment advice. Bus Partner Bank Select the bank relation of the pay-to-business partner to generate a payment advice. Bank Costs The additional cost incurred by the bank while processing the transactions. This field can have the following values: Costs Shared. The bank cost is shared by both the bank and the company. Costs Paid by Sender. The bank cost will be paid by the sender. Costs Paid by Receiver. The bank cost will be paid by the receiver. Express Costs Paid by Receiver. The special cost incurred by the bank for processing the transactions will be paid by the receiver. None. No bank cost is incurred while processing payments. Tax Country/Code You can access this field if you select: Advance Payment in the Type of Advice field. The Calculate Tax on Advance Payments/Receipts check box in the CMG Parameters (tfcmg0100s000) session. In the Minimum Amount for Tax Calculation field in the CMG Parameters (tfcmg0100s000) session, indicate the minimum amount for charging tax in case of advance payments. If this amount specified in the Minimum Amount for Tax Calculation field is less than the advance amount, enter the tax country abd the tax code. Note The tax data must apply to the financial transaction for which you want to create a payment advice. Registration Number Sequence (Own) The sequence number assigned to your company's tax registration number. Click the browse arrow to select a sequence number from the Registration Numbers by Financial Company (tctax9140m00l) session. Note The registration number sequence (own) is populated by Infor ERP LN. Related topics Selection criteria for registration number Registration Number(Own) The tax registration number corresponding to the sequence number you select in the Registration Number Sequence(Own) field. Registration Number Sequence (BP) The sequence number assigned to your business partner's tax registration number. Click the browse arrow to select a sequence number from the Registration Number by Business Partner (tctax4100m000) session. Note The registration number sequence (BP) is populated by Infor ERP LN. Related topics Selection criteria for registration number 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 Amount in Payment Currency Enter the tax amount. Note You can only access this field if the Tax Country/Code field contains a value. Dimensions The dimensions to which the transaction must be posted. TNP Number if the payment advice is related to a trade note payable (TNP), this is the trade not number. Related topics To process trade notes Cash Flow Reason The cash flow reason of the transaction. Related topics Cash flow statements |