| # Select Invoices for Interest Invoicing (tfacr5210m000) Use this session to select invoices and/or receipts to create advices, used to generate interest invoices. This session is used to select overdue invoices and delayed receipts from business partners. Depending on the value specified in the Interest Invoice Selection Based On field in the Interest Invoice Parameters (tfacr5101s000) session, fully paid invoices and/or unpaid and partly paid invoices are selected. Interest invoices are generated if the following conditions are met: Both the Min. Days for Int. Inv and the Min Amnt for Int. Inv values specified in the Interest Invoice Parameters (tfacr5101s000) session are exceeded. The original sales invoice amount is greater than 0. All receipts related to the invoice are finalized. The invoice is not factored. If a receipt schedule is linked to invoice, LN selects the receipt schedule line rather than the invoices for interest invoices, based on the due date of the receipt schedule lines. Related topics Interest invoices Examples of interest calculation for overdue invoices Business Partner The business partner to which you send invoices. This usually represents a customer's accounts payable department. The definition includes the default currency and exchange rate, invoicing method and frequency, information about the customer's credit limit, the terms and method of payment, and the related pay-by business partner. Financial Bus. Part Group A group of business partners with common characteristics, for which you can define the creditors' account or the debitors' account and a set of additional control accounts such as control accounts for doubtful invoices, advance and anticipated payments or receipts, and realized and unrealized currency profit or loss. LN automatically uses these control accounts in business processes such as sales invoice registration, and the payment process. Transaction Type A user-defined three-position code used to identify documents. The series linked to the transaction type give documents the sequence number. Invoice Number The document number, part of the invoice identification. Receipt Type The transaction type of the receipt for an invoice. Receipt Number The document number of the receipt transaction. Interest As on Date Interest invoices are generated for the interest amount that is owed on this date. For unpaid amounts, the interest is calculated until this date. You can only enter a date if the Interest Invoice Selection Based On field in the Interest Invoice Parameters (tfacr5101s000) session is Paid and Unpaid Invoices. The interest amount is calculated from the invoice due date or the most recent interest calculation date until the date in the Interest As on Date field. Note You can only select invoices for interest advice if the number of days between the last interest calculation date and the Interest As on Date is greater than the Interest Invoice Interval that you defined in the Interest Invoice Parameters (tfacr5101s000) session. Use Euro for EMU Invoices If this check box is selected, amounts in EMU currencies are shown in euros. Related topics Euro compliance Interest Invoice Advice Starts the Interest Invoice Advice (tfacr5510m000) session, which you can use to view the invoice details and the advice details of the interest invoice advices. Select Starts the selection of documents for interest invoices, according to the selection range specified. |