Standing Orders (tfcmg1510m000)

Use this session to maintain the standing orders for an invoice-from business partner.

If you attach a payment schedule to a standing order, the posting data of the individual payments of the payment schedule must usually all be the same.

If you copy a payment schedule, LN asks you whether you also wish to copy the posting data.

  • If you answer Yes, the posting data and the tax related data of the payment schedule lines are copied to the payment schedule lines of the new standing order.
  • If you answer No, the payment schedule is copied but for each line of the payment schedule, you must still enter the posting data, in the Posting Data of Standing Orders/Stand-Alone Pmt (tfcmg1115s000) session.
Note: 
  • You cannot create standing orders for trade note related transactions because for trade note, the payment advice lines can be split into payment advice lines for lower amounts, but standing orders, stand-alone payments, and subcontracting invoices cannot be split.
  • If the standing order is used to pay withholding income tax, you can view, enter, or change the withholding tax details.

Field Information

Business Partner

invoice-from business partner

Order

The standing order number.

Order Details
Posting Method

posting method

For Costs, you can specifiy the ledger account in one of the following ways:

  • In the Posting Data of Standing Orders/Stand-Alone Pmt (tfcmg1115s000) session.
  • If you select the Single Payment check box and you attach a posting data schedule to the standing order, specifiy the ledger accounts in the Transaction Template Lines (tfgld0113m000) session.

For Advance Payment, you must also select the category of the standing orders. The transactions are posted to the ledger accounts specified for the business partner group.

Category

The advance payment category.

If you selected the Allow Advance Payment Category check box in the CMG Parameters (tfcmg0100s000) session and the posting method is Advance Payment, you must select a category.

Tangible Fixed Assets

For example, supplies and stocks of:

  • Land
  • Properties
  • Machines
  • Equipment
  • Advance payments and buildings under construction
Intangible Assets

For example:

  • Concessions
  • Licences
  • Goodwill
  • Advanced payments
Inventories

For example:

  • Raw materials
  • Unfinished products
  • Finished products
  • Advance payments
Other Assets

For example:

  • Shares in associated companies
  • Claims and other properties
  • Claims on deliveries
  • Claims against associated companies
Currency

The currency for the standing order payment.

Rate Determiner

The rate determiner used for the standing order.

Default value

Document Date

Rate

The exchange rate used to convert the amount in the transaction currency to the home currency.

Rate Factor

The value by which the currency exchange rate must be divided to convert foreign currency amounts to home currency.

currency exchange rate

Transaction Amount

The order amount is the total amount of the selected standing order, expressed in the currency defined in the Currency field.

Amount in Home Currency

The amount expressed in home currency.

Amount in HC

The order amount expressed in the home currency.

Tax Country/Code

The tax country of the transaction.

Note: This field can only be accessed if the posting method in the Posting Method field is Advance Payment.
Tax Code

The tax code of the transaction.

Note: This field can only be accessed if the posting method in the Posting Method field is Advance Payment.

Pay-to Business Partner

pay-to business partner

Pay-to Address
The code of the payment address associated with the business partner. This address is displayed on the related AP (accounts payable) documents and used during the payment process.
Note: When a new standing order is created, the address code of the pay-to business partner is defaulted in this field. However, you can modify this value and select another address code associated with the same pay-to business partner from the Addresses by Business Partner (tccom4133m000) session.
Name
The name associated with the pay-to address of the business partner.
Buy-from Business Partner

buy-from business partner

Reference

The reference text that appears in the standing order details.

Tax Declaration Number

If LN generates the standing order to pay a tax declaration, this is the tax declaration number.

Standing Order Status
The status of the standing order.
Budget Exception

If this check box is selected, a budget exception or an error occurred in the Posting Data of Standing Orders/Stand-Alone Pmt (tfcmg1515m000) session.

To correct the problem, you can decrease the amount, or use a different budget account by changing the ledger account and/or dimensions. If no error occurred in this area, the budget controller must resolve the exception. In case of a setup error, the error must be corrected in the area in which it was caused.

Note: This check box is only displayed if Budget Control functionality is used.
Own Tax Data
Registration Code

The code of registration.

Identification Number

The unique identifying number for standing order

The name which is legally approved.

Business Partner Tax Data
Tax Country

The name of the country in which tax are paid.

Tax State/Province

The name of the state in which tax are paid.

Identification Number

The unique identifying number for standing order

The name which is legally approved.

Payment Details
Payment Details
Payment Document

The original financial company of the purchase order.

The purchase invoice is paid and the withholding tax due at invoice payment is registered in the original financial company.

Payment Transaction Type

The payment document transaction type.

Payment Document Number

The payment document serial number.

Payment Line Number

The payment document line number.

Payment Batch

The financial year in which the payment batch is created.

The payment batch number.

Invoice Document

The financial company of the purchase invoice.

The financial company pays the purchase invoice and registers the withholding tax amount.

Invoice Transaction Type

The invoice document transaction type.

Document Number

The invoice document serial number.

Schedule Number

The payment schedule line number.

If you use receipts against shipments, this number indicates the shipment.

Invoice Line Number

The line number on the invoice.

Sequence No.

The line sequence number on the invoice.

Payment Method

Enter the payment method that you want to link to the standing order. You cannot select a method for which the Kind of Payment/Receipt field is Trade Note.

Business Partner Bank

Enter the bank relation of the one-time business partner specified in the One-Time Business Partner's Address (tfcmg1508m000) session.

Account

bank relation

IBAN

international bank account number

Reason for Payment

The reason for foreign payment, defined in the Reasons for Payment (tfcmg0130m000) session.

Additional description code

The code of an additional description defined in the Additional Description by Reason (tfcmg0131m000) session.

Note: 

This field is only displayed and available if both of the following apply:

  • Reason for Foreign Payment is selected on the Miscellaneous tab of the CMG Parameters (tfcmg0100s000) details session.
  • For this standing order, Use Additional Description is selected in the Reasons for Payment (tfcmg0130m000) session.
Additional Description

The text of an additional description defined in the Additional Description by Reason (tfcmg0131m000) session.

Note: 

This field is only displayed and available if both of the following apply:

  • Reason for Foreign Payment is selected on the Miscellaneous tab of the CMG Parameters (tfcmg0100s000) details session.
  • For this standing order, Use Additional Description is selected in the Reasons for Payment (tfcmg0130m000) session.
Cash Flow Reason

The cash flow reason of the transaction.

Single Payment

If this check box is selected, the standing order is not paid in installments.

Planned Payment Date

Enter the planned payment date. This date is used as the due date for generating payment advice.

Note: You can only access this field if the Single Payment check box is selected.
Amount Paid in HC

The amount paid on the standing order.

Payment Document

The payment document transaction type.

Payment Document

The payment document serial number.

Transaction Template

The transaction schedule for the standing order.

The transaction schedule determines the contra accounts and dimensions for the standing order.

This field is only available if the status of the standing order is Free.

Copy Options
Copy Payment Schedule

If this check box is selected, the payment schedule of the present standing order is copied to a new order.

Note: This field can only be accessed in copy mode.
First Payment Date

Enter the first payment date for the new standing order.

LN calculates the remaining payments dates on the basis of the payment schedule specified in the original order.

Example

The payment schedule of the original standing order has the following payment dates:

2011-01-01, 2011-03-01, 2011-04-01.

If this payment schedule is copied, for the new order whose first payment date is 2011-03-01, LN generates the following payment dates:

2011-03-01, 2011-03-29, 2011-04-30.

Note: 
  • This field can only be accessed in copy mode.
  • If the Standing Order Status is Free, standing orders can be modified.
Dimensions
Control Account

control account

Dimensions

dimension

You must specify the dimensions if the standing order is of type Advance. You can enter up to twelve dimensions.

Dimension Description

The description of a dimension type.

The description of the dimensions is provided in the Group Company Parameters (tfgld0101s000) session.

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