Setting Function Defaults - A summary of the activity

This activity allows you to define the functional defaults for the “Customer Invoice” business component. Function defaults are defined and used while raising invoices for Customer orders.

This page allows you to set the functional defaults the first time you install this business component. These functional defaults can be modified according to user requirements. You can set the following functional details:

• Allow or prevent modification of pay term while raising the invoice

• The prefix that must be used along with the pay term

• The finance book to be used by default, when the accounts are posted

• Allow or disallow multiple finance book postings

• The invoice value to be considered, while printing the invoice

• Enable or disable computation of tax on net liability

• Allow prepayments to be adjusted against regular invoice

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