| # Installments Infor LN FP6 In Infor LN FP6, the following are applicable to installments: Invoice-to business partner balance The open billing request balance on the invoice-to business partner's balance functions as the composed invoice balance in case of direct settlement installments. In addition, the open billing request balance is increased when orders or indirect settlement installments are released to Invoicing, even though no billing requests exist. As a result, the open billing request balance then functions as a created invoice line balance. Guarantee installment invoices You cannot easily recognize sales orders for which the guarantee installment invoice must be sent. When all order lines are delivered, the sales order installment can be closed and the guarantee installment can be released to Invoicing. Advance installment payments Advance installments must be paid for before goods can be delivered. However, Financials does not send notifications about received payments. Each time a sales order activity is initiated, the paid amount is checked and updated. If the total advance installment amount is paid for, the activity can be executed and the sales order procedure can continue. Correction installments Invoicing correction installments with the currency rates as used on the original invoiced installments, is not supported. Installment history The user who modified or created the (correction) installment cannot be retrieved. New in Infor LN 10 In Infor LN 10, the following are new or have changed to improve the installment functionality: Invoice-to business partner balance The Open Billing Request Balance is replaced by the Composed Invoice Balance, which you can view in the Invoice-to Business Partner Balances (tccom4513m000) session. When invoices are composed for sales orders with and without installments and for sales schedules, the Order Balance will decrease and the Composed Invoice Balance will increase. When decomposing invoices, this is the other way round. Guarantee installment invoices To recognize and easily retrieve the guarantee installments that can be invoiced, the following fields are new: Goods Acceptance Date Mandatory for Guarantee Installments in the Sales Order Parameters (tdsls0100s400) session. Goods Acceptance Date in the Sales Orders (tdsls4100m000) session. Only Orders with Goods Acceptance Date filled in the Print Sales Order Installments (tdsls4410m000) session. Only Orders with Goods Acceptance Date empty in the Print Sales Order Installments (tdsls4410m000) session. Advance installment payments The Update Paid Amounts on Advance Installments (tdsls4200m000) session is introduced to update paid amounts for Advance installments. This session checks whether payments are made for advance installments in Accounts Receivable, after which the paid amounts are updated to the sales order. When the advance installments for a sales order are not completely paid for, the order procedure cannot continue. Therefore, payments made in Accounts Receivable must be updated to the sales order as soon as possible. If you run the Update Paid Amounts on Advance Installments (tdsls4200m000) session frequently in a job, this session sort of triggers the continuation of the sales order procedure. Correction installments The following installment types are new: Correction - Advance A correction to an advance installment, which reverses the original installment amount. Correction - Normal A correction to a normal installment, which reverses the original installment amount. Correction - Guarantee A correction to a guarantee installment, which reverses the original installment amount. When the sales order installment is closed, corrections are created to counter book the original invoiced installments. The closure process links the original installment type to the original installment line and calculates the correction installment amount to be applied to each installment type. Correction - Advance or Correction - Normal installments can only be entered after the original installments are composed or invoiced. In this way, Invoicing can always retrieve the correct currency information. Correction - Guarantee installments can be entered before the original installment is released to Invoicing, because guarantee installments are handled after the goods are shipped and the sales order installment is closed. However, the Correction - Guarantee installment line cannot be released to Invoicing before the original Guarantee installment is released to Invoicing. In this way, when composing the invoice for the correction guarantee, the correct invoice information can be retrieved from the original guarantee. Installment history To view when and how a sales installment line was changed and by whom, the following sessions are new: Sales Order Installments History (tdsls4552m000) Print Sales Order Installments History (tdsls4452m000) Miscellaneous The following are also new: The Link to Monthly Billing Invoicing check box in the Sales Order Installments (tdsls4110m000) session. The Sales Order - Installments (tdsls4600m100) session. Related topics Installments |