<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tf/onlinemanual/000210" xml:lang="en">
   <Header>
      <Title>Installment Invoice Processing</Title>
   </Header>
   <GeneralSection>
      <Paragraph>For sales orders with Direct or Indirect settlements (
		Installments), the GST tax invoice considers the installments that are already
		processed and calculates the taxes only on the net amount, that is ( Goods
		amount + Taxes – already invoiced Installments). You can settle the invoice in
		two ways:</Paragraph>
      <List>
         <ListItem>Direct settlement: The application allows you to create
		  installments for the sales order value after deducting advance and Installment
		  types. The advance installments must be collected and processed before goods
		  can be delivered and invoice is processed.</ListItem>
      </List>
      <Note>
         <SectionTitle>Note</SectionTitle>
         <Paragraph>It is not mandatory to invoice all the installments before
		  processing the goods invoice.</Paragraph>
      </Note>
      <List>
         <ListItem>Indirect settlement: The application ensures that all the
		  installments are processed (invoiced) and closed, before the goods can be
		  invoiced.</ListItem>
      </List>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>GST Form 3 Report</SectionTitle>
      <Paragraph>The installment invoices and the goods invoiced are displayed in
		the GST Form 3 report for the period in which the invoices are processed. The
		tax is calculated on these invoices. The value for the goods invoiced is the
		total of all installments processed and tax is applicable on these
		installments.</Paragraph>
   </GeneralSection>
   <GeneralSection>
      <SectionTitle>Generate Audit File (GAF) Report</SectionTitle>
      <Paragraph>The GAF Audit report must display the installment and Goods
		invoice.</Paragraph>
      <Paragraph>The GAF must display the invoice details for the period in which
		the installments are invoiced. The report includes an exception which is
		related to the description of the item. The description of item is displayed as
		'Advance Installment Invoice' while the invoices are processed only for the
		specified period and not in advance. The reason being, the sales order can have
		multiple lines and the advance is payable for the complete sales order and not
		for a specific invoice.</Paragraph>
      <Paragraph>The GAF report must include all the invoiced lines and
		respective item details with total value ( without deducting settled amount).
		An additional line must be displayed with the installment amounts that are
		already adjusted with this invoice. The description for this line is displayed
		as 'Advances / Installments Adjusted'. The base amount to calculate tax and the
		tax amount must be displayed as negative value. The base amount to calculate
		tax for this line must be total value of the installments that are adjusted (
		based on the tax code) and the tax amount on the adjusted installment. If the
		guarantee installments are available, the amount of this installment must be
		adjusted against the Goods invoice irrespective of the invoicing of the
		guarantee installment.</Paragraph>
   </GeneralSection>
</ManualTopic>