Receipts against shipments

In Invoicing, LN creates invoices for sales orders. However, a sales order can require several shipments, and in some countries, business practice is to make separate payments for the approved quantity of each shipment.

In Infor LN FP2, to enable receipts against shipments, LN created a separate sales invoice for every shipment.

In Infor LN FP3, LN creates a single sales invoice for the sales order. If the pay-by business partner must make payments against the shipments, LN creates a receipt schedule line for every shipment of the sales order. You can match cash receipts with the receipt schedule lines. LN also performs invoice related processes such as aging analysis and the creation of interest invoices based on the receipt schedule lines.

If shipments or parts of shipments are returned, LN creates credit notes for the shipments. If the credit note covers several shipments, the credit note contains several schedule lines, one line for each shipment. You can assign credit notes to shipments and to receipt schedule lines in the new Link Credit Notes to Schedules (tfacr2122m000) session.

Similarly, in the Accounts Payable module, you can assign shipments to credit notes in the new Assign Invoices Schedules to Credit Notes (tfacp2122s000) session.

For receipts against shipments, LN derives the due dates and the payable amounts from the shipment details. As a result, the payments for the shipment lines all have the same due date. If you link a receipt schedule header to the terms of payment of the order, LN ignores the receipt schedule header.