Setting function parameters
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This activity allows you to define the functional defaults for the “Customer Direct Invoice” business component. Function defaults are set for the system to follow while raising the three types of invoices that is the direct invoice, miscellaneous invoice and the pack slip invoice. By default the system sets its own values. These functional defaults can be modified according to the requirements of the user.
This page allows you to set the functional defaults the first time you install this business component. You can set defaults for the finance book, in which the accounts must be posted. You can also set whether you want to modify the pay term while raising the invoice and the prefix that must be used along with the pay term. You can also set whether you want to allow the modification of the unit price of the item and ship the items immediately on authorization of the invoice. The system stores the login user ID and the system date along with modification details.
Select the “Set Function Parameters” link under the “Customer Direct Invoice” business component.
The “Set Function Parameters” page appears.
Enter the following fields:
Allow Price Change for Credit Invoice |
Use the drop-down list box to set whether you want to modify the unit price of the item when the invoice is raised or not. The system displays “Yes” by default on launch of the page |
Note : This combo would be loaded with Yes only when the “Modify Price List Unit Price In Direct Credit Invoice” parameter is set to Yes in Set Parameters –Receivables activity of Company Parameter Setup component . If the CPS parameter is set to No then only No will be loaded in “Allow price change for credit invoice “.
Modify Pay Term |
Use the drop-down list box to set whether you want to modify the pay term when the invoice is raised or not. The system displays “Yes” by default on launch of the page. |
Note : This combo would be loaded with Yes only when the “Allow Pay Term Modification At Transaction Level” is set to Yes in Organization Unit Parameter Setup – Set Parameters – Receivables. If the OPS parameter is set to No then only No will be loaded in “Modify pay term ".
Pricing Applicability |
Use the drop-down list box to set whether the price of the item must be taken from the pricelist assigned to the customer or the pricing engine. You can select from “Price List Code” or “Pricing Engine”. |
Include Tax / Charge For Pricing |
Use the drop-down list box to set whether the taxes / charges must be included in the price of the item by the pricing engine. |
Include Discount For Pricing |
Use the drop-down list box to set whether discounts must be included in the price of the item by the pricing engine. |
Allow Multiple Finance Book Postings |
Use the drop-down list box to set whether invoice postings have to be made in multiple finance books. The system displays “Yes” by default. |
Default Finance Book |
Use the drop-down list box to set a finance book in which all the financial postings must be made for the login organization unit. All the finance books deployed in the login organization unit will be available for selection in the alphabetical order. |
Note: You must select the finance book if “No” has been set in the “Allow Multiple Finance Book Postings” field.
Automatic Shipping On Authorization |
Use the drop-down list box to set whether the items in the invoice must be shipped immediately after the invoice is authorized. The system displays “No” by default on launch of the page. |
Pay Term Prefix |
The prefix to be used for the pay term (Alphanumeric, 5) |
The system displays the following in the “Rounding Off Parameters” multiline:
Invoice Type |
Indicates the invoice type which could be Direct Invoice or Packslip Invoice or Miscellaneous Invoice. |
Currency |
Indicates the Currency for Setting Rounding Off Parameters. |
Note: Currency column would be visible when Currency Wise Rounding of Customer Invoices Required is set to Yes.
Rounding off of Direct / Packslip / Miscellaneous Invoice would be done based on the Currency of the invoice and respective round off settings for the Currency.
Enter the following in the “Rounding Off Parameters” multiline:
Rounding Off At |
Use the drop down list box to select the Rounding off at. The combo is loaded with “Nearest” and “Ceiling”. |
Value |
The value to which the invoice should be rounded off. |
Click the “Set” pushbutton to save the settings made.
The system saves the function defaults that have been set.
