The code that identifies the project.
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 Business Partner 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 Invoice Calculation Method Extension Status The status of the extension. Allowed values 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. Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: Currency Rate/Rate Factor The price at which one currency can be exchanged for another currency. In other words, the amount which one currency will buy another currency at a particular time. Rate/Rate Factor The factor by which the amount in the transaction currency or the invoice currency is divided before LN converts it to a home currency. A rate factor is often used for currencies that have a relatively low price, for example, Korean Won. 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. Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: Provisional Amount The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies. Currency 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:
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 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 Responsibility 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 Method Select the method for revenue recognition. To recognize revenue, you can use one of the following methods:
Percentage of Completion 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 Percent Complete. 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 Earned Revenue Factor 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 Method 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: 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 Earned Revenue Factor 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.
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