Creating progress payment request

To create progress payment request you must follow this process and use the relevant invoicing method and payment term specified for the contract line.

Step 1. 

In the Cost-Plus Transactions to be Invoiced (tppin2100m000) session, select the Contract line. or select the Billable Cost Details option in the Contract 360 (tpctm1300m000) session, to create the unit costs for the contract.

On the Reference menu, click Create Aggregated Billable Cost; the Create Aggregated Billable Cost (tppin1200m000) session opens.

Step 2. 

In the Create Aggregated Billable Cost (tppin1200m000) session, click Create, to create the billable cost lines.

Step 3. 

In the Cost-Plus Transactions to be Invoiced (tppin2100m000) session:

  • Select the created billable cost line for the contract
  • On the Reference menu, click Contract Billable Cost Lines. The Contract Billable Cost Lines (tppin1100m000) session opens.
Step 4. 

In the Contract Billable Cost Lines (tppin1100m000) session, select the billable cost line for the contract.

  • On the Reference menu, click Create Progress Payment Requests. The Create Progress Payment Requests (tppin0270m000) session opens. Infor LN defaults the progress payment requests data from the Contract (tpctm1600m000)/ Contract Lines (tpctm1110m000) session.
Step 5. 

In the Create Progress Payment Requests (tppin0270m000) session, specify the required information and click Create. Infor LN creates the progress payment requests.

Step 6. 

In the Progress Payment Requests (tppin0170m000) session:

  • Approve/Unapprove the progress payment requests
  • Transfer the progress payment requests to invoicing

Note

  • You can review the progress payment requests data in the Progress Payment Requests (tppin0170m000) session.
  • You can review the settled progress payment requests data in the Settled Progress Payment Requests (tppin0571m000) session.
Invoicing

You must use the relevant invoicing method and payment term specified for the contract line. Invoicing may differ based on:

  • Progress Payments invoices settled at agreed intervals, based on the progress of the contract.
  • Progress payment invoices including the advance payments.
  • Progress payment invoices settled with installments/delivery based invoices.
Note
  • When Progress Payment Requests are settled using Installments or Deliverables, a reverse entry is generated in Financials.
  • Infor LN registers revenues for the requests using the revenue of the type Progress Payment Request, in the Revenue Transactions (tpppc3505m000) session.
  • When generating the balances for interim results, Progress Payment Requests are included to calculate the Billed to Customer amount.
  • Infor LN also allows the user to print a US specific invoice, Standard Form 1443 (SF1443) Contractors's Request for Progress Payment. To print both these standard forms, the Infor Operational Reporting functionality is required. The SF form 1443 must also specify the unsettled advance amount.
  • Progress payment requests are posted using the existing Integration Document Type Project Revenue/Revenue Analysis.

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