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Inforln.com ERP LN 10.4 Credit and Rebill Invoices 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 Credit and Rebill Invoices Enhancements

  1. 1. 1Copyright © 2014. Infor. All Rights Reserved. www.infor.comCopyright © 2014. Infor. All Rights Reserved. www.infor.com 1 Infor LN: Crediting and Rebilling Invoices Enhancements Rollout training Campus Course Code: 02_0021040_EEN0474_ELN August 2014 Ramamurthy Mahesh
  2. 2. 2Copyright © 2014. Infor. All Rights Reserved. www.infor.com Agenda • Credit and Rebill • Need • Solution Overview • Solution Details • Master data • Conditions • Process • Limitations • Demo
  3. 3. 3Copyright © 2014. Infor. All Rights Reserved. www.infor.com Credit and Rebill - Need • Scenarios • Error noticed after an invoice is printed, Example – Text not filled correctly. • Customer calls up and point out an error in the invoice, Example Tax ID of the customer is wrong. • Error in Printer – No invoice printed. • No standard way to handle this currently • Benefits of this functionality • Standard way to cancel an issued invoice and restart billing process. • Easy and saves time
  4. 4. 4Copyright © 2014. Infor. All Rights Reserved. www.infor.com • A standard way to handle rebilling process, based on authorization. • Original Invoice – Canceled • Credit note created and linked to the original invoice • Billable line created which can be invoiced again Credit and Rebill - Overview Invoice Amount Status ACR 20140090 USD 2750 Posted Credit and Rebill Invoice Amount Status ACR 20140090 USD 2750 Canceled RCN 20140005 USD -2750 Posted ACR 30140095 USD 2750 Posted
  5. 5. 5Copyright © 2014. Infor. All Rights Reserved. www.infor.com • Transaction type for replacement credit note can be setup in the Invoicing Parameters by Source Type. Credit and Rebill – Master Data • Transaction type for replacement credit note can be setup in the Invoicing Parameters by Source Type. • Authorization can be setup in the User profile per user.
  6. 6. 6Copyright © 2014. Infor. All Rights Reserved. www.infor.com Credit and Rebill - Conditions • Credit and Rebill is allowed on Invoices subject to the following conditions. • Invoice is posted • Source document ( order / contract, …) should still allow changes. • Financial periods of original invoice should be open. • Original Invoice is still fully open. So no payments orcredit notes linked to it. • Restriction on some types of invoices – Credit Notes, Internal invoices, … • Invoice is not already replaced earlier or is a result of replacement • User is authorized
  7. 7. 7Copyright © 2014. Infor. All Rights Reserved. www.infor.com Credit and Rebill - Process • Select Invoice and choose option “Credit and Rebill”. • Selected Invoice status is canceled. • Replacement credit note is created to financially close the original invoice. • Uses “Replacement Credit Note” transaction type from Parameters. • Reference created between Replacement Credit Note and original invoice. • Replacement credit note linked to original invoice. • No balance left on original invoice as well as replacement credit note. • Integration Transactions of the original invoice are reversed. • COGS, Revenue Analysis…
  8. 8. 8Copyright © 2014. Infor. All Rights Reserved. www.infor.com Credit and Rebill - Process • Billable Lines created based on the original invoice lines • Status of Billable Lines is “On Hold” • Billable line data can be changed based on user authorization setup in “User Profile”. • Billable Lines can be invoiced again. • Source packages updated with the new invoice number. • Reference created to the original invoice line
  9. 9. 9Copyright © 2014. Infor. All Rights Reserved. www.infor.com Credit and Rebill – Limitations • Credit and Rebill is not enabled for the following types of invoices • Credit Notes • Internal Invoices • Invoice originating from another invoice( fe. interest invoice, debit credit note…). • Self-Billed Invoices • Inter company settlement invoices • Advance Payment Requests • Tax only Invoices • Interest Invoices,… • When credit and rebill is attempted on these kinds of Invoices, a message is given to the user with reason for not allowing.
  10. 10. 10Copyright © 2014. Infor. All Rights Reserved. www.infor.comCopyright © 2014. Infor. All Rights Reserved. www.infor.com 10 Demo
  11. 11. 11Copyright © 2014. Infor. All Rights Reserved. www.infor.com

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