Installment Lines (tcmcs2141m000)

Use this session to create and maintain installment plan lines linked to a schedule set.

Field Information

Schedule Set

The number that identifies the default installment schedule.

Set Description

The description or name of the code.

Line

The installment plan line number.

Description

The description or name of the code.

Invoice Day

The number of days after which an invoice is generated for the installment.

Percentage

The percentage based on which the amount is prorated to the installment line.

Note: You cannot specify a negative value or a number greater than 100.
Installment Type

The type of the installment line for which the lines are created.

Allowed values

Advance Invoice

Advance invoice installments must be invoiced and paid for by the customer before goods can be delivered.

The following are applicable for an advance invoice:

  • The invoice is a legal document. Therefore the amount is posted as recognized revenue using the applicable integration document type
  • The invoice is included in the sales listing and the tax declaration
  • The sales statistics are updated; the type of revenue is qualified as intermediate revenue
Correction - Advance Invoice

A correction to an advance invoice installment, which reverses the original installment amount.

Advance Payment Request

A request to a business partner to pay a certain amount or percentage in advance before goods can be delivered.

The following are applicable for an advance payment request (APR):

  • The invoice is not a legal document. Therefore, the APR amount does not affect the revenue.
  • An open entry is created for the amount that is posted to the Control Account (Advance Invoice/Payment Request) as specified in the Control Accounts by Business Partner Group (tfacr0515m000) session. The transaction type and series used to create the financial document for the Advance Payment Request invoicing scenario, are retrieved from the Invoicing Transaction Types (cisli0101m000) session.
  • No VAT is calculated, printed, and posted and the amount is not included in the sales listing.
  • The APR amount is settled with the goods deliveries after the VAT is calculated for the delivered goods.
  • No recognized, temporary, or intermediate revenue is available for the APR amount. Therefore, the sales statistics cannot be updated.
  • No link exists between the APR line and invoice related data such as monthly billing invoicing, and late payment surcharges.
Correction - Advance Payment Request

A correction to an advance payment request, which reverses the original installment amount.

Normal

Normal installments are invoiced before or at the delivery of goods.

Correction - Normal

A correction to a normal installment, which reverses the original installment amount.

Guarantee

Guarantee installments can only be invoiced after all the nonguarantee installments are invoiced and all the goods are delivered.

Correction - Guarantee

A correction to a guarantee installment, which reverses the original installment amount.

Text

If this check box is selected, you can specify a text related to the installment plan lines.