Installments (tppin4151m000)
Use this session to create and maintain installment schedules and their data.
Tabs
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General
Enter the general installment data including the contract data. -
Payment
Using the Generate Installments (tppin4251m000) session, the installments related to a triggering activity or milestone can be set to To be Invoiced, if the activity or milestone is finished, or if the planned invoice dates is earlier than or the same as the actual invoice date. -
Additional Work
Enter data for additional work. This is only used in progress invoicing. Select and display points, percentages, or the fixed amount associated with normal work.
- If you delete an installment, LN also deletes its number in the corresponding advance.
- LN allows you to create negative installments by specifying a negative value in the Installment Amount field If the corresponding contract line contains a negative contract line amount.
Field Information
- General
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- Contract
-
The code that identifies the contract.
- Description
-
The description or name of the code.
- Status
-
The Contract Status.
Note:- If the contract header status is Canceled, all the lines are also set to Canceled.
- Contract Line
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The contract line number that is linked to the installment.
- Description
-
The description or name of the code.
- Status
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The Contract Status.
Note:- The contract line can be set to Active only if the contract is set to Active.
- If the contract header status is Canceled, all the lines are also set to Canceled.
- Project
-
The code that identifies the project linked to the installment.
Note:LN allows you to create an installment without specifying a project. However it is mandatory to specify the project before you approve the installment.
LN clears the value in this field when you create a new contract using the Copy Contract (tpctm1200m000) session.
- Description
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The description or name of the code.
- Status
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The current status of the project linked to the installment.
- Contract Amount
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The total contract line amount.
- Currency
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The currency of the contract line amount.
- Home Contract Amount
-
The contract amount in the home currency.
- Sold-to Business Partner
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The sold-to business partner for the installment.
- Name
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The description or name of the code.
- Installment
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The code that identifies the installment.
- Description
-
The description or name of the code.
- Advance Amount to Be Settled
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The currency of the advance amount.
- Advance Amount to Be Settled
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The advance amount to be settled with the installment.
- General
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- Element
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The code that identifies the element to which the installment is linked.
- Description
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The description or name of the code.
- Work Authorization Status
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The work authorization status of the element.
- Plan
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The code that identifies the project plan.
- Activity
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The code that identifies the activity linked to the installment.
- Description
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The description or name of the code.
- Work Authorization Status
-
The work authorization status of the activity.
- Currency Rate
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The currency exchange rate to convert the transaction currency to the displayed home currency.
- Rate Factor
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The rate factor that belongs to the displayed currency rate.
- Rate
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The rate defined by the rate determiner and the business partner exchange-rate type.
- Use Holdback
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If this check box is selected, you can apply holdback to this installment. LN enters a record in holdback when you release an installment.
Note:- This check box is enabled only if holdback is applicable for project activity or element as linked to the installment.
- This check box is not applicable if a negative value is specified in the Installment Amount field.
- Holdback Percentage
-
The holdback amount or percentage defined for the installment.
Note:- LN defaults the value defined for the holdback percentage or amount in the Contracts (tpctm1100m000) and the Contract Lines (tpctm1110m000) sessions. However, you can change the value. The value you enter must not exceed the installment amount.
- If a holdback percentage is defined for a project contract and if the Use Holdback check box is selected for the installment linked to the project contract, the holdback percentage of the project contract line is defaulted in this field.
- This field is not applicable if a negative value is specified in the Installment Amount field.
- Invoice Discount
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The percentage discount defined for the installment invoice.
Note: LN defaults the value from the Contract Lines (tpctm1110m000) session. However, you can change the value.
- Paying
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- Payment Terms
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The payment terms linked to the installment.
- Description
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The description or name of the code.
- Late Payment Surcharge
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The late payment surcharge for the installment.
- Description
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The description or name of the code.
- Payment Method
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The payment method for the installment.
Note: You can only use payment method of type Receipt if a negative value is specified in the Installment Amount field. - Description
-
The description or name of the code.
- Normal Work
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- Customs Value for Normal Work
- The customs value applicable for
the goods of the installment line expressed in contract value
currency.Note: This field is enabled only if the Transferred to Invoicing check box is cleared for the installment line.
- Customs Value Currency
- The code of the
currency in which the customs value is
expressed.Note: This value is defaulted from the Currency field in the Contract Lines (tpctm1110m000) session. You cannot modify the value.
- Number of Points
-
The number of points for this installment. You can access this field if you set the Installment Type field to Points in the Contract Lines (tpctm1110m000) session.
Default value
The total number of points per project minus the points of prior installments.
- This Installment
-
The percentage amount of this installment. You can access this field if you set the Installment Type field to Percentage in the Contract Lines (tpctm1110m000) session.
Default value
100% minus the total percentage of prior installments.
- Installment Amount
-
The amount of the current installment.
LN calculates this amount based on the following settings in the Installment Type field by using the Contract Lines (tpctm1110m000) session:
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Points
Amount = (number of points per installment * contract amount) / total number of points per project
-
Percentage
Amount = percentage per installment * contract amount
-
Fixed Amount
Amount = contract amount - total of the installments for project
Note: You can also specify a negative value if the contract line amount of the corresponding contract line is negative. -
- This Installment
-
The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies.
- Document Compliance Status
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The status of the compliance for the bank guarantee documents.
Allowed values
- To be Validated
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The document compliance check is to be performed.
- Validating
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The document compliance check is successful, but pending approval.
- Validation Error
-
The document compliance check failed, correction and new validation is required.
- Validated
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The document compliance check is successful, or failed but overruled by an authorized user.
- Not Applicable
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Document compliance checks are not required.
Note:- This is a display field.
- This field is displayed only if:
- The Trade Management checkbox is selected in the Implemented Software Components (tccom0100s000) session.
- The check boxes in the Bank Guarantee - Beneficiary or Bank Guarantee - Applicant field groups are selected for Trade Types Export and/or Domestic Outbound in the Financial Trade Management Parameters (tcgtc9199m000) session.
- Approved for Invoicing
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If this check box is selected, you can transfer the record to the Invoicing module using the Transfer Transactions to Invoicing (tppin4200m000) session.
Note:If this check box is cleared, and the Invoice Document field is zero, the following fields are zero:
- Points to be Invoiced
- Percentage to be Invoiced
- Installment Amount to be Invoiced
- Installment Amount Add. Work to be Invoiced
- Points
-
The remaining points to be invoiced. You can access this field if the Approved for Invoicing check box is selected in this session.
Default value
The difference between the field values for the Number of Points field and the Points Invoiced field.
Note: The user must not have invoiced all the points for this installment. - Approved for Invoicing
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The remaining percentage to be invoiced. You can access this field if the Approved for Invoicing check box is selected and you have not invoiced the full percentage amount of this installment.
Default value
The difference between the field values for the Percentage and the Invoiced Percentage fields.
- Approved for Invoicing
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The remaining installment amount to invoice. If you select the Approved for Invoicing check box, you can access this field. In addition, you must not have invoiced the full amount of the installment.
LN calculates this amount based on the following settings in the Installment Type field in the Contract Lines (tpctm1110m000) session:
-
Points
Amount = invoicable points * total number of points
-
Percentage
Amount = invoicable percentage * contract amount
-
Fixed Amount
Amount = total installment amount - invoiced installment amount
Note: You can specify a negative value in this field if a negative value is specified in the Installment Amount. -
- Home Currency
-
The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies.
- Points Invoiced
-
The number of points currently invoiced for the installment. If you used the initial stage folder, you can access this field.
Note: To enter the number of points, you must set the Installment Type field to Points in the Contract Lines (tpctm1110m000) session. - Invoiced
-
The percentage currently invoiced for the installment. If you used the initial stage folder, you can access this field.
Note: To enter the percentage, you must set the Installment Type field to Percentage in the Contract Lines (tpctm1110m000) session. - Invoiced
-
The amount currently invoiced for the installment.
Note: The invoiced amount must be smaller than the installment amount. - Invoiced
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The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies.
- Total invoiced on Contract
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The total number of points currently invoiced for the installment.
- Total inv. on Contract
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The total percentage currently invoiced for the installment.
- Total inv. on Contract
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The total installment amount currently invoiced for the project.
- Total inv. on Contract
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The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies.
- Transferred to Invoicing
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If this check box is selected, you have transferred the record to the Invoicing module using the Transfer Transactions to Invoicing (tppin4200m000) session.
- Final Installment
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This check box is selected only for projects with invoice type set to progress invoice in the Contract Lines (tpctm1110m000) session and if the Final Installment check box in the Invoicing Methods (tcmcs0155s000) session is selected.
- Closed
-
If this check box is selected, you can print and post an installment invoice in the Invoicing module under the following conditions.
- The total invoiced amount must be greater than or equal to the installment amount.
- The Invoice type field in the Contract Lines (tpctm1110m000) session is set to Progress Invoice.
- Invoice Document
-
LN enters the code of the financial company to invoice that is linked to the project.
- Invoice Document Transaction Type
-
LN enters the procedure type for the transaction.
Note: The Invoicing module identifies an invoice by this field. - Invoice Document Number
-
LN enters a sequence number for the invoice.
Note:- The Invoicing module identifies an invoice by this field.
- LN updates this value with the number of the new invoice that is created when you cancel and regenerate the invoice, in Invoicing . When you cancel the invoice, you can only modify the invoice data such as reference, address, and tax number, if required.
- You can also modify the Invoice Amount when you create a credit note for a specific invoice line..
- LN updates this value with the number of the new invoice that is created when you cancel and regenerate the invoice, in Invoicing.
- When you cancel the invoice, you can modify the invoice data such as reference, address, and tax number. However, you can also modify the Billable Amount if you create a credit note for a specific invoice line. Only the authorized users (in Invoicing) can modify the amount.
- The invoice must not be linked to an installment.
- The status of the project must not be Closed.
- Payment
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- Triggering
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- Triggering Activity
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The activity that triggers the installment.
- Status
-
The status of the activity that triggers the installment.
- Planned Invoice Date
-
The planned date to generate the installment invoice. LN uses this date in the Display Financial Analysis (tppss0701m000) session and in the Performance Measurement using EVM (tppss0702m000) session.
Note:You can modify this date using the Update Planned Invoice Dates (tppin4252m000) session.
By default, LN enters the activity or element's finish date based on the Control by field in the Projects (tppdm6100m000) session.
- Date of Performance
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The date and time when the project related tasks are delivered, that is used to set the delivery date of a billable line in Invoicing. If a date is not specified, the current date is considered.
- Cost Control Period
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For cost control purposes, LN sends the transaction to the project history in this year.
- Cost Control Period
-
For cost control purposes, you must send the transaction to the project history during this cost control period.
- Description
-
The description or name of the code.
- Text
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Specify the additional text that you can add to an invoice
- Use Text on Invoice
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If this check box is selected, you can use the additional information(text) of the installment in the invoice.
- Tax
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- Tax Classification
-
The tax classification for the installment, defined in the Tax Classifications (tctax0116m000) session.
- Exempt
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If this check box is selected, the tax code represents tax exemption.
- Tax Country
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The tax country for the installment.
- Tax State/Province
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The state/province of the tax country for which the tax and registration data is displayed.
- Tax Code
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The tax code for the advance payment request, defined in the Tax Codes by Country (tcmcs0536m000) session.
- Own Tax Number
-
The tax number of the company.
Note:- This is a display field.
- LN populates this value based on the:
- The Financial company that is linked to the Sales Office of the contract line.
- The Tax country linked to the contract line.
- The Reference date from which the tax is applicable. Usually, the invoice date is considered as the reference date.
- Legal Name
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The name linked to the registration ID which can be used on the legal reports.
- Tax Exemption Certificate
-
The tax exemption certificate number if tax is exempted for the installment.
Note:You can enter the tax exemption certificate number if the Exempt checkbox is selected.
You can view this field if in the Tax Parameters (tctax0100m000) session:
- the Tax Exempt Level field is set to Extended and
- at least one of the search sequence levels is set to Exemptions by Country or Exemptions by Country Set.
- Tax Exemption Reason
-
The code that identifies the reason if tax is exempted for the installment.
Note:You can enter the tax exemption reason if the Exempt checkbox is selected.
You can view this field if in the Tax Parameters (tctax0100m000) session:
- the Tax Exempt Level field is set to Extended and
- at least one of the search sequence levels is set to Exemptions by Country or Exemptions by Country Set.
- Tax and Registration Data Complete
-
Indicates whether the tax and registration data generation process is completed for the installment.
- BP Tax Country
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The tax country of the sold-to business partner for the installment.
- Tax State/Province
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The code of the state/province to which the sold-to business partner is linked.
- BP Tax Number
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The tax number allotted by the government to the sold-to business partner.
- Legal Name
-
The name linked to the registration ID of the sold-to business partner that can be used on the legal reports.
- Additional Work
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- Description
-
The description of the additional work for the installment.
- Revenue Code
-
The code that identifies the revenue.
Note: When you process the invoice in the Invoicing module, LN sends the installment revenue to the revenue code in the project history. - Description
-
The description or name of the code.
- Customs Value for Additional Work
- The customs value applicable
for the additional work related to the installment expressed in contract
value currency.Note: This field is applicable only if:
- The contract Invoice Type of the installment is set to Progress Invoice.
- The Final Installment check box is selected for the Invoicing Method of contract.
- The Additional Work on Invoice check box is selected for the invoicing method associated with the contract linked to the installment line.
This field is enabled only if the Transferred to Invoicing check box is cleared for the installment line.
- Installm. Amnt Add.Wrk
-
The total amount of additional work in this installment.
- Home Currency
-
The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies.
- Points to be Invoiced
-
The total amount of additional work for invoicing in this installment.
- Home Currency
-
The home currency used to express the amount for additional work for invoicing in this installment.
- Points Invoiced
-
The additional work amount currently invoiced for the installment.
Note: If the invoice amount is smaller than the installment amount, you can enter the initial levels of installments. - Home Currency
-
The amount in the home currency. Click Rotate Currency to see the amount in the other home currencies.
- Invoice Document
-
LN enters the code of the financial company to invoice that is linked to the project.
- Invoice Document Transaction Type
-
LN enters the procedure type for the transaction.
Note: The Invoicing module identifies an invoice by this field. - Invoice Document Number
-
LN enters a sequence number for the invoice.
Note:The Invoicing module identifies an invoice by this field.
LN updates this value with the number of the new invoice that is created when you cancel and regenerate the invoice, in Invoicing . When you cancel the invoice, you can only modify the invoice data such as reference, address, and tax number, if required.
You can also modify the Invoice Amount when you create a credit note for a specific invoice line, such as manual sales invoice.
- Currency
-
The home currency for the installment.
- Number of Points
-
The total number of points that you can distribute to the installments of the project.
Example
Contract amount by customer EUR 600,000 Number of points 300 Installment 1 100 points EUR 200,000 Installment 2 75 points EUR 150,000 Installment 3 75 points EUR 150,000 Installment 4 50 points EUR 100,000 - - EUR 600,000 Note To enter the number of points, you must set the Installment Type field to Points in the Contract Lines (tpctm1110m000) session.
- Revenue Code
-
The code that identifies the revenue that corresponds to the installment, defined in the Standard Revenues (tppdm0515m000) or Project - Revenues (tppdm6515m000) session.
- Description
-
The description or name of the code.
- Post to Fiscal Period
-
The fiscal year in which the installment is planned.
- Fiscal Period
-
The fiscal period in which the installment is planned.