Contract Parameters (tpctm0100m000)

Use this session to maintain and initialize the parameters for LN contracts.

By default, the Description field contains the date and time when the previous parameter set was saved. In order to avoid confusion, if you change the parameters, you must change or delete the Description text as well.

Note

The parameters you set in this session are valid for all contracts you set up in this company. Parameters also serve as defaults for some fields.

 

Introduction Date

The date and time this parameter setting becomes valid.

Description

The description of the parameter setting.

Contract Numbers
Contracts Number Group

The default number group defined for the contract.

Description

The description or name of the code.

Contract Series

The contract series.

Description

The description or name of the code.

Contract Line Step Size

The number that defines the sequence for the successive steps that must be performed for the contract line.

For example, if the step size is 10, the numbers assigned to the successive steps are 20, 30, and so on.

Change Management
Log History

If this check box is selected, LN allows you to record the contract history data for all the changes made to the contract data in the Contracts (tpctm1100m000) and the Contract Deliverables (tppdm7100m100) sessions.

Rates
Default Exchange Rate Type

The default exchange-rate type for the contracts.

Description

The description or name of the code.

Allow New Orders for
Contracts with Status Free

If this check box is selected, you can create a new order (such as purchase, sales, production, service, and warehousing), if the contract, contract line, and the deliverable status is Free. This gives the user an additional option during the initial phase of the contract or project.

Note

By default, this check box is cleared.

Delivered Contract Deliverables

If this check box is selected, you can create new orders (such as purchase, sales, production, service, and warehousing) for deliverables that are shipped (the status of the deliverable must be Delivered). This gives the user an additional option, if required, even after the deliverable is shipped.

Note

By default, this check box is cleared.

Backorders
Activate Backorders automatically

If this check box is selected, LN automatically confirms backorders, when created, for contact deliverables.

Release Backorders automatically to Warehousing

If this check box is selected, LN automatically releases the confirmed backorders to warehousing.

Progress Payment Requests

If this check box is selected, Infor LN allows you to create progress payment requests for contracts.

Small Business

If this check box is selected, the business entity can be considered as a small business.

Note

This check box is enabled only if the Progress Payment Requests check box is selected.

Use Advance Payments as
Use Advance Payment as

The type of advance payment used for contracts and contract lines.

The advance payment types are selected based on the legal requirements of a country or the business. For the advance payment types ( Request and Invoice), open entries are generated.

An advance payment represents a request to the business partner to pay in advance a certain amount or percentage.

An advance invoice represents a normal invoice that must comply with all legal requirements and is included in the sales listing, VAT declaration and Revenue recognition.

An advance invoice is a legal document and therefore an official number is generated. The same is also included in the sales listing.

Note

Tax is applicable only for an advance invoice.

Allowed values

Advance Payment

Note

Default value is Request.