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Inforln.com ERP LN 10.4 Advance Invoicing Enhancements

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Inforum 2014 Infor ERP differences training for Infor Ming.le, Infor Cloudsuites and Infor ERP LN. These presentations explain how to use new functionality enhancements in Infor LN 10.4 and other applications within the vertical industry Cloudsuites. There are Cloudsuites for Financials, Aerospace and Defense (A&D), Automotive, Industrial Machining and Equipment and other discrete manufacturing industries. If you still have Baan 4, FourthShift, Microsoft Dynamics GP, SAP R/3 or any other legacy ERP, then you might want to consider Infor LN. We specialize in Baan 4 to LN migrations but can handle upgrades from virtually any manufacturing ERP system to the new Infor CloudSuites. For more information and how-to content, visit http://inforln.com or contact Dan Aldridge, CEO of Performa Apps, at 703.251.4504.

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Inforln.com ERP LN 10.4 Advance Invoicing Enhancements

  1. 1. 1Copyright © 2014. Infor. All Rights Reserved. www.infor.comCopyright © 2014. Infor. All Rights Reserved. www.infor.com 1 Infor LN 10.4 Invoicing - Advance Invoicing Enhancements Rollout training Campus Course Code: 02_0021040_EEN0472_ELN July 2014 Ramamurthy Mahesh
  2. 2. 2Copyright © 2014. Infor. All Rights Reserved. www.infor.com Agenda • Advance Invoicing Enhancements – Why ? • Advance Invoice / Payment Request – Solution Overview • Advance Payment Request – Solution Details • Parameters • Advance Payment Request – Invoicing • Advance Payment Request – Settlement • Demo
  3. 3. 3Copyright © 2014. Infor. All Rights Reserved. www.infor.com Advance Invoicing Enhancements – Why ? • Till ERP LN 10.3, when an Advance Installment is invoiced, they are treated as actual invoices with tax amounts and logged in sales listing. • Customers wanted an ability to distinguish Advance Invoice having tax implications and an Advance Payment Request without tax implication . • Advance Invoice with tax implication - Relates to a delivery or a performance. They are logged in sales listing. • Advance Payment Request with no tax implication – A note or request for payment before commencement of any delivery or performance. This has no tax implications, consequently not logged in sales listing as well.
  4. 4. 4Copyright © 2014. Infor. All Rights Reserved. www.infor.com Advance Invoice / Payment Request – Solution Overview • Parameterized option to make available • Advance Invoice • Advance Payment Request • Both • Advance Payment Request handled without any tax implication, during invoicing. • The existing functionality relating to advance installments till ERP LN 10.3 will be available as it is as “Advance Invoice” in ERP LN 10.4.
  5. 5. 5Copyright © 2014. Infor. All Rights Reserved. www.infor.com Advance Payment Request – Solution Details • Introduced in ERP LN 10.4 • Advance Payment Requests can be created and released to Invoicing from • Order management - Sales • Project Contract • Specification of type of Advance Installment to use in • Sales Order Parameter ( Request / Invoice / Request or Invoice) • Contract Parameters ( Request / Invoice / Request or Invoice) • “No Tax” tax code used.
  6. 6. 6Copyright © 2014. Infor. All Rights Reserved. www.infor.com Parameters
  7. 7. 7Copyright © 2014. Infor. All Rights Reserved. www.infor.com Advance Payment Request - Invoicing • Separate transaction type and series can be maintained in the Invoicing Parameters by Source Type.
  8. 8. 8Copyright © 2014. Infor. All Rights Reserved. www.infor.com Advance Payment Request - Invoicing • Simple layout printed to request payment. • No sales listing records created.
  9. 9. 9Copyright © 2014. Infor. All Rights Reserved. www.infor.com Advance Payment Request - Invoicing • Additional element logged in Integration Transaction for mapping • Advance Payment Request – Yes / No.
  10. 10. 10Copyright © 2014. Infor. All Rights Reserved. www.infor.com Advance Payment Request - Settlement • When goods invoice is settled with Advance Payment request, tax is calculated on the full goods invoice line amount. • Sales Listing is logged for full invoice line amount. • Example • Sales Order Line EUR 1000 with tax rate @ 10% • Advance Payment Request for EUR 400. Net Amount Tax Amount Invoice Amount Sales Listing Advance Payment Request 400 0 400Not logged Goods Invoice ( EUR 1000 - Settlement EUR 400) 600 100 700 1000
  11. 11. 11Copyright © 2014. Infor. All Rights Reserved. www.infor.comCopyright © 2014. Infor. All Rights Reserved. www.infor.com 11 Demo
  12. 12. 12Copyright © 2014. Infor. All Rights Reserved. www.infor.com

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