Extension (tpptc0110s000)

Use this session to maintain the extensions you need for your fixed contract project. An extension is almost a project in itself and is generally used to invoice unexpected costs to the customer.

The revenue recognition method and the cost of goods sold method is defined at the project and extension level. RR and COGS can also be determined at the element and activity level depending on the method of RR and COGS selected.

The amount approved for invoicing is displayed next to the Ceiling check box. For projects with invoicing types set to Unit Rate, the amount is updated while transferring transactions from the Invoicing module to the Invoicing package.

For projects with invoicing type set to Cost Plus, the amount is updated when the transactions are approved for invoicing.

Note

Use the Maps section to view the location of the Address Code and the Ship-from Address. You must select only one record at a time.

 

Project

The code that identifies the project.

Status

The current status of the project.

Extension

The code that identifies the extension.

Extension
General
Description

The description or name of the code.

Search Key

The search key of the extension.

Address Code

The code that identifies the address linked to the extension.

Name

The description or name of the code.

Sold-to BP

The code that identifies the sold-to business partner. Please note that this business partner needs a department code otherwise installments cannot be invoiced.

Extension Type

The type of extension.

Allowed values

Extension Type

This field is enabled only if the extension status is Free.

Invoice Calculation Method
Extension Status

The status of the extension.

Allowed values

Extension Status

Text

If this check box is selected, a text is present.

Amounts
Expected Sales Amount

The expected sales amount for the extension.

Expected Sales Amount

The currency of the expected sales amount for the extension.

Ceiling

If this check box is selected, the amount entered in the Contract Amount field is considered as the ceiling amount.

Note

This check box is enabled only if the invoice calculation method is set to Actual Costs.

Contract Amount

The contract amount of the extension. Variations are carried out for this amount.

You can only enter an amount if the Extension Type field is set to Scope Change.

If the Ceiling check box is selected, the contract amount becomes the ceiling amount. This amount is the maximum that can be invoiced. If the ceiling amount is reached LN does not allow you to set the records to Approved.

Contract Amount

The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies.

Rate/Rate Factor
Rate/Rate Factor
Provisional Amount

The contractual provisional amount. This amount is included in the budget.

You can only enter an amount if the Extension Type field reads Provisional Amount.

Provisional Amount

The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies.

Rate/Rate Factor

The currency exchange rate to convert the transaction currency to the home currency that is displayed.

Rate/Rate Factor

The rate factor that belongs to the currency rate that is shown.

Currency

The business partner currency.

Approved for Invoicing

The amount approved for invoicing.

Note

If the extension transactions are set to Approved in the Cost-Plus Transactions to be Invoiced (tppin4810m000) sessions, the amount is updated.

Currency

The business partner currency.

Control
Start Time

The date and time, according to the project plan, on which work that is related to the extension starts.

The input value must be after the start date set in the Projects (tppdm6100m000) session.

Finish Time

The date and time, according to the project plan, on which work that is related to the extension is completed.

The input value must be after the start date and must be before the finish date set in the Projects (tppdm6100m000) session.

Contract Date

The date when the contract is created.

Cost Control

Indicates whether the extension is included in cost control.

If this check box is selected, you can:

  • Maintain planned and actual purchase orders by extension
  • Control the extension's costs
  • Record progress by extension
  • Record actual costs by extension

If this check box is cleared, you need not control the extension cost amount separately, but you can include it in the project costs.

Phys. Progress Registration

The level at which you want to record the extension's progress.

Invoicing
Transferred to Invoicing

If this check box is selected, the invoice is transferred with the Transfer Transactions to Invoicing (tppin4200m000) session.

Invoice Document Company

LN enters the code of the financial company to which the invoice is posted. Usually this is the company linked to the project.

Invoice Document Transaction Type

LN enters the procedure type for the transaction. Invoicing identifies an invoice by this field.

Invoice Document Number

LN enters a sequence number for the invoice. Invoicing identifies an invoice by this field.

Note

Infor LN updates this value with the number of the new invoice that is created when you cancel and regenerate the invoice, in Invoicing. When you cancel the invoice, you can only modify the invoice data such as reference, address, and tax number, if required.

You can also modify the Billable Amount when you create a credit note for a specific invoice line, such as manual sales invoice.

Sales Type

The default sales type. You can change the value or leave this field empty.

Ship-from Address

The address of the ship-from business partner.

Options
Project Surcharges

If this check box is selected, project surcharges can be applied to the extension.

Use Holdback

If this check box is selected, holdback can be applied to the extension.

Sequence Number

The sequence number of the holdback.

Provisional Amount Settled

If this check box is selected, the provisional amount is settled by posting the invoice in the Compose/Print/Post Invoices (cisli2200m000) session to Financials.

Miscellaneous
Classification
Employee Responsible

The code that identifies the responsibility.

Employee Responsible

The code that identifies the responsible employee.

Geographical Area

The code that identifies the geographical area.

Category

The code that uniquely identifies the category.

Business Sector

The code that identifies the business sector.

Phase

The code that uniquely identifies phase.

Revenue Interim Results
Revenue Recognition

Select the method for revenue recognition.

To recognize revenue, you can use one of the following methods:

Percentage Completed

The percentage of completion of the project. You must multiply this percentage with the contract amount to calculate the revenue to be recognized.

Note

The percentage of completion has to be entered manually, since the Estimate at Completion (EAC) is not defined for an extension.

This field is available only if the Revenue Recognition Method field is set to Percentage Completed.

Earned Revenue Factor

Specify the earned revenue factor. You must multiply this factor with the the cost to calculate the revenue to be recognized.

Note

You can manually enter the earned revenue factor or click Calculate ERF to get the calculated value. LN calculates the factor using the following formula:

ERF = project contract amount / total budgeted costs

To calculate ERF, the project status must be Active, because the total budgeted cost is known only for active projects.

This field is available only if the Revenue Recognition Method field is set to Earned Revenue Factor.

Revenue Recognition Threshold

The minimum percentage completion expected before revenue is recognized.

Note

Only if the percentage completion is greater than or equal to this field, revenue is recognized when interim results are generated using the Generate Interim Results (tpppc3250m000) session. However, if the Profit Percentage is negative, revenue will be recognized irrespective of minimum percentage completion being met or not.

Default value

0

Revenue Recognition Limit

The limit on the revenue to be recognized. Specify a maximum percentage.

Note

The value can be changed. The revenue recognition limit is valid for all RR methods except the Completed Project method. The percentage times the contract amount gives the maximum revenue that can be recognized (until the completion of the project). This percentage is ignored when the project is complete and the final revenue (and COGS) is posted.

Default value

100

Job Sheets
Number of Job Sheets Printed

The number of job sheets printed.

Cost Interim Results
Costs of Goods Sold

Select the method to calculate the cost of goods sold (COGS).

To calculate the cost of goods sold, you can use one of the following methods:

GST Applicable

If this check box is selected, GST is applicable.

Note

By default this check box is selected, if the GST Implemented check box is selected in the India Localization Parameters (tccom9136m00l) session, and the specified item is not defined in the GST Exception Item List (tccom9135m00l) session.

Assessable Value for GST

The assessable value, in the inventory unit.

Profit Percentage

Specify the profit percentage. The COGS is calculated on the basis of this percentage and the revenue recognized.

Note

You can manually enter the percentage or click Calculate Profit Percentage to get the calculated value. LN calculates the percentage using the following formula:

profit percentage = budget / contract amount

This field is available only if the Costs of Goods Sold Method field is set to Profit Percentage.

 

Print Extensions

Starts the Print Extensions (tpptc0410m000) session.

Calculate ERF

Calculates the earned revenue factor using the following formula:

ERF = project contract amount / total budgeted costs

To calculate ERF, the project status has to be Active, because the total budgeted cost is known only for active projects.

This button is available only if the Revenue Recognition Method field is set to Earned Revenue Factor.

Calculate Profit Percentage

Calculates the profit percentage using the following formula:

profit percentage = budget / contract amount

This button is available only if the Costs of Goods Sold Method field is set to Profit Percentage.