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This page allows you to set OU level parameters for the “Payables Management” business process chain. You can set the process parameters as well as the functional default values for the Payables Management BPC.
Select the “Set Parameters – Payables” link from the “Org. Unit Parameter Setup” business component.
The “Set Parameters – Payables” page appears.
Enter the following field in the “Process Parameters” group box:
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Apply Invoice Level TCDs for Order Based Doc. on |
Use the drop-down list box to indicate whether TCD is applicable on “Basic Value” or “Total Value” of order based invoices. Order-based invoices include Supplier Order Based and Supplier Service invoices only. If you select,
By default, this field displays “Basic Value”. However, previously saved value is displayed, if available. You cannot reset this field to “Basic Value” from “Total Value” or from “Basic Value” to Total Value”, after the TCD is mapped to an account code in the Account Rule Definition component. |
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Note: The “Apply Invoice Level TCDs for Order Based Doc. On” parameter facilitates compliance with VAT regulations. |
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Allow Pay Term modification at transaction level |
Use the drop-down list box to specify whether the pay term associated with a supplier can be modified in an invoice or a debit note. You can select from “Yes” or “No”. The system displays “No” by default on launch of the page. |
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Allow Modification of Discount |
Use the drop-down list box to specify whether the computed discounts of credit documents can be modified. You can select from “Yes” or “No”. The system displays “No” by default on launch of the page. |
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Maximum Invoice Amount (Base Currency) |
The maximum amount for which an invoice can be raised (Integer). The value entered here must be in the base currency of the company and must be greater than zero. |
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Maximum Payment Voucher Amount Asset Revaluation |
The maximum amount for which payment vouchers can be raised (Integer). The value entered here must be in the base currency of the company and must be greater than zero. |
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Manual Signature Limit |
The minimum amount for which the manual signature is mandatory. The value entered here must be in the base currency of the company and must be greater than zero. |
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Maximum Number of Lines in Stub |
The maximum number of lines that can be written in the stub, The value entered here must be greater than zero. |
Enter the following fields in the “Function Defaults” group box:
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Exchange Rate Type for Liability creation |
Use the drop-down list box to select the buying rate or selling rate to be used during liability creations in the “Payables Management” business process chain. All the exchange rate types that have been defined for the login organization unit in the “Exchange Rate” business component will be available for selection. The system displays the first value by default on launch of the page. |
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Exchange Rate Type for Liability settlement |
Use the drop-down list box to select the exchange rate type to be used during liability settlements in the “Payables Management” business process chain. All the exchange rate types that have been defined for the login organization unit in the “Exchange Rate” business component will be available for selection. The system displays the first value by default on launch of the page. |
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Default Discount computation Base for invoicing |
Use the drop-down list box to select the amount on which discounts are computed during invoice creation. You can select from “Gross Amount” or “Base Amount”. The system displays the “Base Amount” by default on launch of the page. |
Click the “Set” pushbutton to save the parameters for Payables Management BPC.
The system saves the OU level process parameters and function defaults that has been set for the “Payables Management” BPC.
Setting Default Tax Key for VAT
To set the default tax key for TCD, you must follow the below-mentioned steps in the same order as listed.
In the "OU Parameter Setup" component of "Finance Setup" BPC, select the "Set Parameters – Payables" link.
In the "Set Parameters – Payables" page, set the "Apply Invoice Level TCDs for Order Based Doc." field to “Total Value” or “Basic Value”.
In the "Tax Charges and Discount" component of "Procurement Management" BPC, select “Create TCD Code” link.
In the "Create TCD Code" page, create and specify the attributes of tax.
In the "Account Rule Definition" component of "Book Keeping" BPC, select “Create Payables Account Definition” link.
In the "Create Supplier Account Definition" page, map the TCD code to the required account #.
In the "Supplier Order Based Invoice" / "Supplier Service Invoice" component of Payables Management BPC, select the "Create Invoice" link.
In the "Create Invoice" page, set the Default Tax Key.