Setting receivables parameters

This page allows you to set the OU level parameters for the “Receivables Management” business process chain. You can set the process parameters as well as the functional default values for the Receivables Management BPC.

Select the “Set Parameters – Receivables” link from the “Org. Unit Parameter Setup” business component.

The “Set Parameters – Receivables” page appears.

Enter the following field in the “Process Parameter” group box:

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 Customer Order Based and Customer Service invoices only.

If you select,

“Total Value”, the TCD amount is charged on the Total Value of the order.
“Basic Value”, the TCD amount is charged on the Basic Value of the order.

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.

Note: The “Apply Invoice Level TCDs for Order Based Doc. On” parameter facilitates compliance with VAT regulations.

See Setting Default Tax Key for VAT.

Allow Pay Term modification at Transaction level

Use the drop-down list box to specify whether the pay term associated with a customer 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.

Enter the following fields in the “Function Defaults” group box:

Exchange Rate Type for Receivables invoicing	Use the drop-down list box to select the exchange rate type to be used during invoicing in the “Receivables 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.
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 Receivables Management BPC.

The system saves the OU level process parameters and the function defaults that have been defined.

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 – Receivables" link.
In the "Set Parameters – Receivables" 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 Receivables Account Definition” link.
In the "Create Customer Account Definition" page, map the TCD code to the required account #.
In the "Customer Order Based Invoice" / "Customer Service Invoice" component of Payables Management BPC, select the "Create Invoice" link.
In the "Create Invoice" page, set the Default Tax Key.