| Receipts against shipments - overview |  |
| You can use the receipts against shipments functionality to generate or enter payment transactions and receipt transactions in Cash Management based on shipment/order information and to maintain the balances by shipment/order. If you use the receipts against shipments functionality, ERP LN generates a receipt schedule line for each shipment. The receipt schedule lines for receipts against shipments of a single order all have the same due date, which is based on the invoice date and the terms of payment fo the invoice. If you ship goods against a sales order, each order line can result in one or several shipments. For every shipment, you must create a packing slip. In Cash Management, you apply the receipts to the shipment lines using the details on the packing slip. If your customer returns the goods, you create a return order. You send a credit note to customer for the returned shipment. The credit note contains a credit note line for every returned shipment line. You can compose shipment lines and return shipment lines on a single invoice. If the amount of the return shipment lines exceeds the amount of the shipment lines payable, ERP LN generates a credit note. If you use receipts against shipments and you linked a receipt schedule to the terms of payment of the invoice, ERP LN ignores the receipt schedule. The processing of the invoice is entirely based on the shipments. ERP LN generates interest invoices and reminder letters for the shipments for which payment is overdue. If you do not use receipts against shipments, the processing of the invoice is based on the terms or payment. ERP LN creates invoices for sales orders according to the composing criteria you select in Central Invoicing. Credit notes can have a single receipt schedule line. Related topics To set up receipts against shipments To assign credit notes to receipt schedules How ERP LN determines the applicable bank charges |