Supplier Stage Payments (tdpur5120m000)

Use this session to view, enter, and maintain supplier stage payments for a purchase order line or RFQ response.

Correcting stage payment lines

To credit an invoiced amount, you can add a stage payment line with a negative amount in this session. If a correction stage payment line is specified, it is no longer required that the total amount for the stage payment lines equals the net order line amount. Correction stage payment lines must also be released, invoiced, and processed.

Note

If a purchase order line is approved and you change the Description, Amount, or Due Date fields of the linked supplier stage payments, a status change is applicable to the purchase order.

Rounding differences are handled on the last stage payment line.

 

Business Object

The number of the business object to which the stage payment line is linked.

Allowed values

The business object can be one of the following:

  • RFQ Response
  • Purchase Order Line
Business Object Reference

The business object reference, which includes the purchase order line number or the combination of RFQ line number/alternative/bidder.

Business Partner

A party with whom you carry out business transactions, for example, a customer or a supplier. You can also define departments within your organization that act as customers or suppliers to your own department as business partners.

The business partner definition includes:

  • The organization's name and main address.
  • The language and currency used.
  • Taxation and legal identification data.

You address the business partner in the person of the business partner's contact. The business partner's status determines if you can carry out transactions. The transactions type (sales orders, invoices, payments, shipments) is defined by the business partner's role.

Item

The raw materials, subassemblies, finished products, and tools that can be purchased, stored, manufactured, and sold.

An item can also represent a set of items handled as one kit, or which exist in multiple product variants.

You can also define nonphysical items, which are not retained in inventory but can be used to post costs or to invoice services to customers. The examples of nonphysical items:

  • Cost items (for example, electricity)
  • Service items
  • Subcontracting services
  • List items (menus/options)
Order Line Amount

The net order line amount for the purchase order line or RFQ line.

Currency

A generally accepted medium of exchange such as coins, treasury notes, and banknotes.

The following currency types are available in LN:

  • Home currency, which is used internally by companies to calculate costs, record budgets, and register tax amounts
  • Transaction currency, which is used in transactions with business partners, such as orders and invoices
Exchange Rate Type

A way to group currency exchange rates. You can assign different currency exchange rates to different invoice-to business partners and/or to different types of transactions (purchase, sales, and so on).

Rate Date

The date that is used to determine the rate (currency exchange rate).

Rate/Rate Factor

The factor by which purchase transaction amounts in a foreign currency are multiplied to produce the amounts in the home currency.

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.

Defined Rate

The conversion between the home currency and the currency that is used on the order.

Line

The number of the stage payment line.

Description

The description assigned to the stage payment line.

Percentage

The percentage of the net order line amount that must be invoiced through this stage payment line.

For the first stage payment line, the default is 100 percent. For every other (noncanceled) line that is linked to the same parent business object, the default percentage is as follows:

100 - total percentage of the other stage payment lines
Amount

The amount that must be invoiced through this stage payment line.

If a percentage is specified in the Percentage field, an amount is automatically calculated in this field. The default amount is calculated as follows:

Order Line Amount - total amount of the other stage payment lines
Due Date

The date the stage payment line must be paid to the supplier.

Status

The status of the stage payment line.

Workflow Status

The status that is applicable if the business object requires authorization approval using ION Workflow.

When you perform a change that requires authorization, a checked-out version is automatically created for the business object. The changes you submit are only effective after approval/check-in. You can also undo your changes, or recall your submitted changes.

  • Checked-out and checked-in objects are displayed in the Checked-out Objects (ttocm9599m000) session.
  • From the appropriate menu of this session, select Workflow and execute the required action for the business object.

Allowed values

If the business object is checked out, this field displays an Object status.

If the business object is checked in, this field displays an Approval status.

If a description is specified for the object type in the Workflow Information Fields (ttocm0106m000) session (which is displayed as a tab in the Object Types (ttocm0102m000) session), regardless if the object is checked in or out, this field always displays the value of the appropriate Description field.

Note

For more information on setting up and using ION Workflow for business objects in LN, refer to the Infor LN Integration Guide for Infor ION Workflows and Monitors.

Invoicing Status

The status of the stage payment line in Financials, which can be Free, Matched, or All Approved.

Company

A company that is used for posting financial data in Financials. You can link one or more enterprise units from multiple logistic companies to one financial company.

Transaction Type

A user-defined three-position code used to identify documents. The series linked to the transaction type give documents the sequence number.

Invoice Document

The identification of a transaction.

The document code is a combination of:

  • Transaction-type code
  • Series number
  • Sequence number
Invoice Amount

The invoiced amount, which is retrieved from Accounts Payable.

The invoiced amount is always equal to the amount specified in the Amount field.

Text

If this check box is selected, a text is linked to the stage payment line.

Payment Terms

Agreements about the way in which invoices are paid.

The payment terms include:

  • The period within which invoices must be paid.
  • The discount granted if an invoice is paid within a given period

The payment terms allow you to calculate:

  • The date on which the payment is due
  • The date on which the discount periods expire
  • The discount amount
Payment Agreement

A way to define how invoice amounts must be paid. This includes the payment methods that apply to various parts of the invoice amount, and the payment currency.

For example, you can define a payment agreement to pay the first part of the invoice amount through the bank according to payment method PM1, 40 percent of the remaining amount, according to payment method PM2, and the other 60 percent according to payment method PM3, which can be a trade note payable.

Released by

The user who released the stage payment line.

Note

You can release stage payment lines in the Stage Payments Lines to be Released (tdpur5520m100) session.

Released Date

The date on which the stage payment line was released.

Note

You can release stage payment lines in the Stage Payments Lines to be Released (tdpur5520m100) session.

Created by

The user who created the stage payment line.

Creation Date

The date on which the stage payment line was created.

Modified by

The user who last modified the stage payment line.

Modification Date

The date on which the stage payment line was last modified.

 

Stage Payment Schedules

Starts the Stage Payment Schedule (tcmcs2640m000) session, in which you can copy a set of stage payment lines to the RFQ response or purchase order line.

Peg Distribution

Starts the Purchase Peg Distribution (tdpur5100m000) session in which you can view, enter, and maintain the peg distribution details for the stage payment line.

Matched Invoice
Cancel

Cancels the stage payment line.

You can only cancel Planned stage payment lines.

Stage Payments Lines to be Released