Advance installments

Infor LN 10.3

These installment types are available for invoicing by installments:

  • Advance
  • Normal
  • Guarantee
Infor LN 10.4

The Advance installment type is extended. You can choose these values:

  • Advance Payment Request. This is a new installment type.
  • Advance Invoice. This is the existing Advance installment type, which is renamed.

Advance installment types

  • Advance Invoice
    A normal invoice that must be paid for by the sold-to business partner before goods can be delivered. The invoice is a legal document that must comply with legal requirements and is included in the sales listing, VAT declaration, and revenue recognition.
  • Advance Payment Request
    A request to the business partner to pay in advance a certain amount or percentage before goods can be delivered. The invoice is not a legal document and is not included in the sales listing, the VAT declaration, and the revenue recognition.

The Use Advance Payment as field, which is added to the Sales Order Parameters (tdsls0100s400) session, determines which advance installment type you can use.

A sales order can only include installment lines of the same advance installment type: either Advance Invoice or Advance Payment Request can be specified in the Installment type field of the Sales Order Installments (tdsls4110m000) session for a specific sales order.

For more information, refer to Installments.

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