| # Remittance Agreements (tfacp3531s000) Use this session to view the details of a remittance agreement listed in LN. Related topics Operation subcontracting without material flow support Remittance Agreement A subcontracting document that contains agreements about how the payment for a project will take place. For example, the remittance agreement states that part of the invoice amount must be paid to the subcontractor's industrial assurance board (IAB) and to the tax authorities. Subcontractor A business partner that is hired to perform certain services, such as the execution of a part of a project or production order. The services are delivered via a purchase order. Project A collection of manufacturing and purchasing actions that are performed especially for a particular customer order. A project is initiated by a customer order for items having a To Order order policy. The purpose of a project is to plan and coordinate the production of these items. For a standard-to-order production, the project is only used to link the item with the customer order. Otherwise, a project can include: Customized item data (BOMs and routings) Project planning (activity planning) A budget is a special type of project. A budget is used to plan and estimate, not to carry out production. Distinguishing Mark Business Partner A unique search argument for this remittance agreement. Search Key A search argument that enables the user to search for this remittance agreement. Total Agreement Amount The total amount of the remittance agreement contains labor, material, and sundry costs. Wage Part Percentage The percentage of the total amount which consists of labor costs. Wage Part Amount The part of the total amount which consists of labor costs. Percentage to Blocked Account The percentage of the wage cost part which is to be remitted to the blocked account of the subcontractor. Percentage to I.A.B. The percentage of the wage cost part to be remitted to the industrial assurance board (IAB) linked to this subcontractor. Percentage to Tax The percentage of the entered wage cost part to be remitted to the tax authorities. Number of Hours The number of hours the subcontractor has agreed to spend on the selected project. First Month The first year of the subcontractor's is involvement in the project. First Month The first month of the subcontractor's involvement in the project. Last Month The last year of the subcontractor's involvement in the project. Last Month The last month of the subcontractor's involvement in the project. Safeguarding Statement received If this check box is selected, the safeguarding statement has been received from the warranty fund. The invoices from the subcontractor regarding the execution of (part of) a project can be paid. A safeguarding clause is a statement by the warranty fund, which says that the fund warrants the execution of the work by the selected subcontractor. Agreement Date The date on which the remittance agreement was created. Agreement Status The stage that the remittance agreement has reached. |