Self billing-AP

Self-billing is an agreement between a vendor and a customer whereby the customer prepares the vendor’s invoice and sends a copy to the vendor with the payment. Both customer and vendor must be VAT registered.

Chile specifics

In some cases, the issue of tax invoices by a taxable supplier is not practical. The taxable customer can issue a tax invoice on behalf of the taxable supplier. The tax invoice is issued by the customer under these conditions:

  • The seller is a private party, in which case the transaction affects VAT.
  • The seller has no sales invoices. This scenario does not occur if the company sends invoices electronically.

How Infor meets the requirement

This requirement is supported in FSM by using ERS Invoice Processing (Evaluated Receipt Settlement).

See Purchasing User Guide.