Glossary

Selects the order types and orders to be invoiced. If you process an invoicing batch, LN selects the invoicing data and generates the invoices for the order types and orders selected through the invoicing batch.

Defines the type and number of orders that you can select through the invoicing batch. For example, the types of orders can be Sales, Freight, Projects, or Service, and the number of orders of each type can be None, One, or Several.

Define the text and the layout of the printed invoices and whether or not you can overwrite the default transaction types and series used for the invoice document numbering.

The latest date for which transactions are processed. Transactions with a transaction date later than the cut-off date specified for a process are not included in the process.

A document stating a list of prices of delivered goods and services that must be paid under certain conditions.

The currency in which the invoice amount is expressed.

The method to decide which date is used to determine the exchange rates.

During the composing process, all amounts in foreign currencies are converted to the home currency, based on the determined exchange rate.

An agreed exchange rate that is used, for example, for a project, regardless of future exchange-rate fluctuations.

The predefined criteria for grouping invoice lines on a single invoice. The invoice lines of an invoice must have the same values for the composing criteria.

Example

Invoice lines with different invoice currencies, or with different invoice-to addresses, cannot be combined on one invoice.

An invoice for which all required data has been collected and saved in the Invoicing module. However, this data has not yet been confirmed.

The identification of an invoice, which consists of the transaction-type code and the first free number in the series used for invoices for the order type.

The stage the invoice has reached in the matching/approval process.

The invoice status reflects the various stages of the process, and can change as follows:

1. Draft--> Registered
2. Registered--> Matched
3. Matched--> Approved
4. Approved--> Matched if you unapprove the invoice

The kind of invoice. Each Operations Management package has its own types of invoices.

An invoice to charge interest.

You can create interest invoices for:

• Unpaid overdue invoices.
• Invoices that were paid or partially paid later than their due dates.

An invoice without a related sales order or goods receipt and which is directly created in Invoicing.

A set of one or more invoicing batches set up for recurring processing. If you process a recurring invoicing batch, LN selects the invoicing data according to the invoicing batches.

A set of parameters that defines, among other things, the types of orders and orders lines that can be combined on an invoice, and the type of invoice to be generated and the costs to be aggregated on Project invoices and Service invoices. You can define different invoicing methods for your invoice-to business partners.

The way in which tax amounts are calculated.

Two methods exist:

• Parallel

  Each tax rate is added to the previous tax rate.

  Example

  Tax rate for sequence number 1: 10%

  Tax rate for sequence number 2:  5%

  Total tax rate: (10+5)% = 15%

• Cumulative

  Each tax rate is a percentage of the preceding total tax rate.

  Example

  Tax rate for sequence number 1: 10%

  Tax rate for sequence number 2:  5%

  Total tax rate: 10% + 5% + (10% / 100% * 5%) = 15.5%

A number that identifies a set of matched (customer) self-billed invoice lines with billable lines.

The common data part of an incoming, electronically received, self-billed invoice.

The specific data part of an incoming, electronically received, self-billed invoice. This data includes sales order, shipment, delivered quantity, and price.

The date when the risk of loss or damage to the goods passes from the seller to the buyer. Unless agreed upon otherwise between both parties, the risk transfer date matches the invoice date.

The risk transfer date is required for revenue recognition in compliance with IFRS (IAS 18.14).

The type of delivery covered by an invoice line.

These charge types exist:

• Costs
• Goods
• Service

The date on which the goods or services are delivered.

On the billable line (status On Hold), the delivery date can be changed for all origins.

The delivery date influences the following:

• Rate, if the rate determiner is set to Delivery Date.
• Tax date, if this date is set to Delivery Date in the Invoicing Parameters (cisli0100m000) session.
• Year and period, if Fiscal Period Derived From or Tax Period Derived From is set to Delivery Date in the Invoicing Parameters (cisli0100m000) session.

This functionality allows for tax recognition without including the tax amount in the receivables.