Subcontracting Parameters (tfacp3100s000)

Use this session to maintain the parameters for subcontracting.

The session maintains the following details:

  • The number of days by which a statement of account's due date can be exceeded before the account becomes invalid. If a statement of account becomes invalid, the invoices related to the account are not selected for automatic payment. Although, you can select the invoices manually.
  • The number of days between two reminder for missing documents. Reminders are generated for overdue or missing income tax statements, IAB statements.
  • The name and address of the tax collector.
  • The address and account number of the tax collector. This is needed when the subcontractor has a blocked account. If a subcontractor has a blocked account, you pay the subcontractor's taxes directly to the tax collector, and deduct the taxes from the payment to the subcontractor.

Field Information

Effective Date

The date and time when the parameters take effect.

Description

A description of the parameter set, for example, the reason why you changed the parameters.

Exceeding Days for Reminding

The number of days by which the end date (of the statement of accounts) can be exceeded before the statement of account becomes invalid.

You can enter the end dates of statement of accounts in the Subcontractors (tfacp3110s000) session, using the End Date of I.A.B. Statement and End Date of P.A.Y.E. Statement fields.

If a statement of account has expired, the invoices for the subcontractor concerned are not automatically selected for payment.

However, you can manually select these invoices for payment. If you do so, LN gives a warning.

Days Between two Reminders

The number of days that must elapse before LN generates the next reminder.

Example

If the reminder interval is 30 days and a subcontractor receives the last reminder on 2007-09-21, no (new) reminder can be printed and sent to the subcontractor before 2007-10-20.

A subcontractor must submit the following certificates:

  • Income tax statement (P.A.Y.E. statement)
  • Industrial assurance board statement (IAB statement)
  • Safeguarding clause (if the subcontractor is affiliated with the guarantee fund, the Warranty Fund check box in the Subcontractors (tfacp3110s000) session is selected).

If one of these statements is not submitted, or if the term of validity is exceeded, a reminder to submit these statements is sent to the subcontractor.

Address

The address of the subcontractor.

Bank Branch

The bank.

Bank Account

You must enter a bank account number if the Bank Account Required check box in the Payment/Receipt Method (tfcmg0140s000) session is selected.

LN checks the validity of the bank account number according to the check selected in the Check on Bank Account No. field of the Countries (tcmcs0110s000) session.

The amounts intended for the tax collector are transferred to this bank account number.

IBAN

The international bank account number.

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