Fees and Penalties (tppin0180m000)

	Fees and Penalties (tppin0180m000) Use this session to create and maintain the fee and penalty data for the contract line linked to a specific contract. The fees and penalties are used to incentivize the contractor and can be agreed upon with the contractor as part of the contract. For fees and penalties, additional invoices (or credit notes) are generated. The fee and/ or penalty are used, based on the performance of the contractor. Note Infor LN allows you to link multiple fee and penalty lines to a single contract line. For example, you can add a fixed fee line and an incentive fee line. To print the contract acknowledgement with the contract fee and penalty data, the Fees and Penalties check box must be selected in the Print Contract Acknowledgments (tpctm1400m000) session. Related topics Create fees and penalties for contract Contract The code that identifies the contract, to which the fee lines must be linked. Status The status of the contract. Allowed values Contract Status Note If the status of the contract header is Canceled, the status of the related contract lines is also set to Canceled. Contract Line The position number of the contract line. Status The status of the contract line. Allowed values Contract Status General General Fee The position number of the fee line. Fee Type The type of the fee and penalty that must be invoiced to the business partner. Allowed values Fee Type Note When you transfer the fee or penalty line to Invoicing, the Fee Type data is also transferred. Sold-to Business Partner The code of the sold-to business partner linked to the contract. Name The name of the sold-to business partner. Contact The code of the contact specified for the sold-to business partner. Contact Name The name of the contact specified for the sold-to business partner. Phone The primary phone number of the contact. Phase The code that identifies the phase of the fee. This value is defaulted from the contract line. Revenue Code The revenue code of the contract fee or penalty line. Note This value is defaulted from the Revenue Code for Fee field or the Revenue Code for Penalty field in the Project Parameters (tppdm0100s000) session. Invoicing Method The invoicing method specified for the contract fee or penalty. Payment Terms The code of the payment terms specified for the contract fees and penalties. Payment Method The code of the payment method specified for the contract fees and penalties. Text If this check box is selected, a text related to the contract fees and penalties, exists. Note When you transfer the fees or penalty to Invoicing, this value is also transferred. Use Text on Invoice If this check box is selected, Infor LN allows you to use the text related to the contract fees and penalties on the invoice. The text can be used to validate the fee or penalty. You can also print the text on the invoice, if required. Project Project The code of the project that is linked to the contract. Element The code of the element linked to the project. Activity The code of the activity linked to the project. Triggering Activity The code of the activity that triggers the contract fees. Note The use of a triggering activity (or milestone) is optional. Planned Invoice Date The date on which the invoice must be generated for the contract fee and penalty line. Note This value is defaulted from the Scheduled Finish Date field in the Activities (tppss2100m000) session. However, you can modify this field. Amount Fee Amount The contract fee and penalty line amount. Currency The currency in which the fee and penalty line amount is expressed. This value is defaulted from the contract line. Fee Amount in Home Currency The contract fee and penalty line amount, expressed in home currency. Home Currency The home currency in which the contract fee and penalty line amount is expressed. Invoice Amount The approved contract fee and penalty line amount that must be invoiced. Note This amount can differ from the Fee Amount. For example, if the fee criteria is not met, the total fee amount is not paid to the contractor. Probability The percentage value which indicates the probability that the Fee or Penalty is to be awarded to or levied on the contractor. If the specified value is greater than the specified Fee Revenue Threshold, Infor LN considers the fees amount. The threshold value is defaulted from the contract line, based on the value specified (for the same) for the contract and the Project Parameters (tppdm0100s000) session. Note Based on the probability, the fees can also be considered when calculating the interim results. The probability field is not applicable for the fee type Fixed Fee. Currency The currency in which the invoice amount is expressed. This value is defaulted from the contract line. Invoice Amount in Home Currency The approved contract fee and penalty line amount to be invoiced, expressed in home currency. Approved for Invoicing Indicates that the contract fee and penalty line is approved and the fee and penalty line can be transferred to Invoicing. Note Infor LN selects this field when you approve the contract fee and penalty line, using the Approve option. Transferred to Invoicing Indicates that the contract fee and penalty line is transferred to Invoicing. Note Infor LN selects this field when you transfer the approved contract fee and penalty line to Invoicing, using the Transfer option. Infor LN clears this check box when you cancel the billable line of the invoice related to the fee or penalty line, in Invoicing. Invoice Document The code of the financial company that must be invoiced. Note This value is part of the Invoice Document number of the contract fee and penalty line. This field is populated with the company of the invoice of the fee or penalty line, when you post the invoice. Invoice Transaction Type The procedure type for the transaction related to the fee and penalty line. Invoicing identifies an invoice using this field. Note This field is populated with the transaction type of the invoice of the fee or penalty line, when you post the invoice. ... The sequence number of the invoice. Note This field is populated with the invoice number of the fee or penalty line, when you post the invoice. 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. 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 modify the invoice data such as reference, address, and tax number. However, you can also modify the Billable Amount if you create a credit note for a specific invoice line. Only the authorized users (in Invoicing) can modify the amount. The invoice must not be linked to an installment. The status of the project must be not be Closed. Invoice Date The date on which the invoice is generated for a specific contract fee and penalty line. Note This field is populated with the date when the invoice is created for the fee or penalty line, when you post the invoice. Infor LN updates this field with the date when the new invoice is created by cancelling the related invoice, in Invoicing. When you cancel the invoice, you can only modify the invoice data such as reference, address, and tax number. You can also modify the Billable Amount when you create a credit note for a specific invoice line. Infor LN updates the value in this field, when the invoice is cancelled and regenerated, in Invoicing. When you cancel the invoice, you can modify the invoice data such as reference, address, and tax number. However, you can also modify the Billable Amount, if you create a credit note for a specific invoice line. Only the authorized users (in Invoicing) can modify the amount. Dates Contract Effective Date The date from which the contract is effective. Contract Delivery Date The date when the items are delivered to the business partner, based on the contract. Start Performance Period The date from which the performance of the contractor, that is, the company that acquires the contract is evaluated. Finish Performance Period The date up to which the performance of the contractor is evaluated. Tax Tax Tax Classification The tax classification code applicable for the contract fee and penalty line. Exempt If this check box is selected, tax exemption is applicable for the selected tax code. Tax Country The code of the tax country. Own Tax Number The tax number allotted by the government. Tax Code The tax code for the contract fee and penalty line. BP Tax Country The tax country code of the sold-to business partner. BP Tax Number The tax number allocated to the sold-to business partner, by the government. Tax Exemption Certificate The tax exemption certificate number of the contract fee and penalty line. Note You can specify the tax exemption certificate number only if the Exempt check box is selected. Tax Exemption Reason The reason code for tax exemption, on the contract fee and penalty line. Note You can specify the tax exemption reason only if the Exempt check box is selected. Text Text Text The text related to the contract fee and penalty. Note When you transfer the fee or penalty line to Invoicing, the fee-related text is also transferred. Approve Approves the contract fee and penalty line and allows you to transfer the fee and penalty line to Invoicing. Unapprove Reverts the approval of the contract fee and penalty line and allows you to modify the contract fee and penalty line data, if required. This option is enabled only if you approve the contract fee and penalty line. Transfer Transfers the approved contract fee and penalty lines to Invoicing. This option is enabled only if you approve the contract fee and penalty line. Update Planned Invoice Date Updates the Planned Invoice Date with the date specified in the Scheduled Finish Date field in the Activities (tppss2100m000) session.