More Related Content Similar to Inforln.com ERP LN 10.4 Credit and Rebill Invoices Enhancements (20) More from Dan Aldridge, ERP Software Evangelist, LION (10) Inforln.com ERP LN 10.4 Credit and Rebill Invoices Enhancements1. 1Copyright © 2014. Infor. All Rights Reserved. www.infor.comCopyright © 2014. Infor. All Rights Reserved. www.infor.com 1
Infor LN: Crediting and Rebilling Invoices
Enhancements
Rollout training
Campus Course Code: 02_0021040_EEN0474_ELN
August 2014
Ramamurthy Mahesh
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Agenda
• Credit and Rebill
• Need
• Solution Overview
• Solution Details
• Master data
• Conditions
• Process
• Limitations
• Demo
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Credit and Rebill - Need
• Scenarios
• Error noticed after an invoice is printed, Example – Text not filled correctly.
• Customer calls up and point out an error in the invoice, Example Tax ID of the
customer is wrong.
• Error in Printer – No invoice printed.
• No standard way to handle this currently
• Benefits of this functionality
• Standard way to cancel an issued invoice and restart billing process.
• Easy and saves time
4. 4Copyright © 2014. Infor. All Rights Reserved. www.infor.com
• A standard way to handle rebilling
process, based on authorization.
• Original Invoice – Canceled
• Credit note created and linked to
the original invoice
• Billable line created which can be
invoiced again
Credit and Rebill - Overview
Invoice Amount Status
ACR 20140090 USD 2750 Posted
Credit and
Rebill
Invoice Amount Status
ACR 20140090 USD 2750 Canceled
RCN 20140005 USD -2750 Posted
ACR 30140095 USD 2750 Posted
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• Transaction type for replacement
credit note can be setup in the
Invoicing Parameters by Source
Type.
Credit and Rebill – Master Data
• Transaction type for replacement
credit note can be setup in the
Invoicing Parameters by Source
Type.
• Authorization can be setup in the
User profile per user.
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Credit and Rebill - Conditions
• Credit and Rebill is allowed on Invoices subject to the following conditions.
• Invoice is posted
• Source document ( order / contract, …) should still allow changes.
• Financial periods of original invoice should be open.
• Original Invoice is still fully open. So no payments orcredit notes linked to it.
• Restriction on some types of invoices – Credit Notes, Internal invoices, …
• Invoice is not already replaced earlier or is a result of replacement
• User is authorized
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Credit and Rebill - Process
• Select Invoice and choose option “Credit and Rebill”.
• Selected Invoice status is canceled.
• Replacement credit note is created to financially close the original invoice.
• Uses “Replacement Credit Note” transaction type from Parameters.
• Reference created between Replacement Credit Note and original invoice.
• Replacement credit note linked to original invoice.
• No balance left on original invoice as well as replacement credit note.
• Integration Transactions of the original invoice are reversed.
• COGS, Revenue Analysis…
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Credit and Rebill - Process
• Billable Lines created based on the original invoice lines
• Status of Billable Lines is “On Hold”
• Billable line data can be changed based on user authorization setup in
“User Profile”.
• Billable Lines can be invoiced again.
• Source packages updated with the new invoice number.
• Reference created to the original invoice line
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Credit and Rebill – Limitations
• Credit and Rebill is not enabled for the following types of invoices
• Credit Notes
• Internal Invoices
• Invoice originating from another invoice( fe. interest invoice, debit credit note…).
• Self-Billed Invoices
• Inter company settlement invoices
• Advance Payment Requests
• Tax only Invoices
• Interest Invoices,…
• When credit and rebill is attempted on these kinds of Invoices, a message
is given to the user with reason for not allowing.
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Demo
Editor's Notes Version: July 3, 2014