Settle Supplier Liability by Availing Loan

This page allows you to settle supplier liability directly by the loan party.

Select the “Settle Supplier Liability By Availing Loan” link under the “Asset Financing” business component.

The “Settle Supplier Liability By Availing Loan ” page appears.

- Clicking this icon available near certain fields takes you to the help page of the respective field.

Enter the following in the Batch Information:

*Settlement Batch No.*	The unique number identifying the settlement batch.
*Settlement Date*	The date on which settlement batch has been created.
*Finance Book*	Use the drop down list box to select the code identifying the finance book.The combo would be loaded with all the finance books mapped to the login company.
*Batch Numbering Type*	Use the drop down list box to select the numbering type. The combo would be loaded with all the numbering types defined for the transaction type “Asset Financing Settlement Batch".
*Debit Note Numbering Type*	Use the drop down list box to select the numbering type. The combo would be loaded with all the numbering types defined for the transaction type “Supplier Account Based Dr. Note".
*Adjustment Voucher Numbering Type*	Use the drop down list box to select the numbering type. The combo would be loaded with all the numbering types defined for the transaction type “Supplier Adjustment Voucher".

Enter the following fields in the Search Criteria to search for a credit document:

Doc. Type	Use the drop down list box to select the type of document. The combo would be loaded with “Account Based Credit Note”, “Delivery Charges Invoice”, “Expense Invoice”, “Item Based Credit Note”, “Item Invoice”, “Order Based Invoice”, “Prepayment Invoice” and “Transfer Credit Note”.
Doc. No. From	The starting range of number identifying the document.
Doc. No. To	The ending range of number identifying the document.
*Billing Point*	Use the drop down list box to select the organization unit at which billing can be done. The combo would be loaded with organization units based on CIM between Asset Financing component and Supplier Order Based Invoice, Supplier Direct Invoice, Supplier Debit/ Credit Note, Supplier Balance Transfer and Supplier Prepayment Invoice.
Supplier Code From	The starting code in the range of codes identifying the supplier for whom batch is created.
Supplier Code To	The ending code in the range of codes identifying the supplier for whom batch is created.
Supplier Name	The name of the supplier.
Supplier Doc. No.	The number identifying the document.
Supplier Group	Use the drop down list box to supplier group. The combo would be loaded with supplier groups defined in “Create Supplier Group” activity.
Project/Sub Project Code	The project/ sub project code to which transactions are to be attached. This code should have been defined in the “Project Definition” business component and the status of the code should be either “Approved”or “Revised”.
Pay to Supplier Code From	The starting code in the range of codes identifying the supplier to whom the payment is made.
To	The ending code in the range of codes identifying the supplier to whom the payment is made.
Proposal Number	The number identifying the asset proposal.
Doc. Date From	The starting range in the range of document dates.
To	The ending range in the range of document dates.

Click on the "Get Details" pushbutton to retrieve the credit documents.
The system displays the following details in the Credit Document Information:

Credit Doc. No	The unique number identifying the credit documents which settlement batch is to be created.
Credit Doc. Currency	The code identifying the currency in which the credit document has been transacted.
Present Outstanding Amount	The amount that is due for payment.
Settlement Amount	The settlement amount for the payment.
Due Date	The date on or before which payment has to be made.
Proposed Discount	The discount amount based on the pay term mentioned in the credit document.
Applied Discount	The actual amount to be discounted from the amount to be discounted from the amount to be paid if payment is made before the due date.
Proposed Penalty	The amount to be paid as a penalty based on the pay term mentioned in the credit document.
Applied Penalty	The actual amount to be paid as penalty if payment is made later.
Proposed WHT	The WHT amount computed in the respective credit document.
Applied WHT	The WHT amount saved during payment/adjustment for the credit document.
*Tran.Net Amount*	The net transaction amount of the credit document. This amount is calculated as the sum of the transaction amount and the discount amount or the difference between the transaction amount and penalty amount.
Credit Doc. Amount	The transaction amount of the credit document based on the latest generated pay schedule.
Supplier Code	The code identifying the supplier for whom the settlement batch is created.
Supplier Name	The name of the supplier.
Supplier Doc. No.	The number identifying the document sent by the supplier for payment.
Supplier Doc. Date	The date on which the document is sent by supplier payment.
Pay To Supplier Code	The code identifying the supplier to whom payment is made.
Pay To Supplier Name	The name of the supplier to whom payment is made.
Doc. Type	The type of document for which settlement batch is created.
Credit Doc. OU	The code identifying the organization unit in which the credit document is posted.
Finance Book	The code identifying the finance book in which the credit document is posted.
Booking No.	The acknowledgement number issued or an export/import consignment by the freight forwarder.
*HBL No./HAWB No.*	The document issued by the freight forwarders to their consignors as a receipt of the merchandise.
*MBL No./ MAWB No.*	The document issued by the carrier owners for the cargo transported by them.
Project OU	The organization unit in which project code has been created.
Project/Sub-Project Code	The code identifying the Project/sub project to which transaction is associated.
Project/Sub-Project Description	The description of the project/sub-project.
Supplier Debit Note	The number identifying the supplier debit note auto-generated.
	Data Hyperlink available.
Supplier Adjustment Voucher	The number identifying the adjustment voucher generated after adjusting the credit document with the debit note.

Click on the "Compute" pushbutton to compute the loan amount.
The system displays the following:

Loan Amount	The total tran.net amount for the selected rows in the transaction currency.
Exchange Rate	The number of units of the base currency with respect to the transaction currency.
Loan Amt. in Base Curr.	The total tran.net amount for the selected rows in base currency.

Enter the following details in the Loan Information:

Loan Agreement No.	The unique number identifying the loan number.
Description	The description of the loan.
Loan Numbering Type	Use the drop down list box to select the numbering type for generation of loan agreement number. The combo would be loaded with all the numbering types defined for the transaction type “Asset Financing Loan”.
Loan Party Type	Use the drop down list box to select the type of loan party. The combo would be loaded with "Other Parties".
Party Code	The code identifying the party.
Party Name	The name of the party.
Currency	Use the drop down list box to select the code identifying the currency in which loan amount is to be received. The combo would be loaded with all the currencies mapped to the login company.
Loan Type	Use the drop down list box to select the type of loan. The combo would be loaded with values defined for parameter category – “Asset Financing Loan Type” in Maintain Entity Details activity.
Interest ID	The code identifying the interest id.
Loan Account	The code identifying the account that is defined for the loan.
Processing Charges	The amount of processing charges.
Project/Sub-Project OU	Use the drop down list box to select the organization unit in which project code has been created. The combo would be loaded with the OUs to which “Project Definition” business component mapping exists.
Project/Sub-Project Code	The project/ sub project code to which transactions are to be attached. This code should have been defined in the “Project Definition” business component and the status of the code should be either “Approved”or “Revised”.
Project/Sub-Project Description	The description of the project/ sub-project.

Click on the “Authorize” pushbutton to authorize the settlement batch
Click on the “Delete” pushbutton to delete the settlement batch
Click on the “Reverse” pushbutton to reverse the settlement batch
Select the “Maintain Asset Mapping” link to map assets to loan agreement
Select the “Maintain Repayment Schedule” link to maintain repayment schedule
Select the “View Loan Details” link to view the loan details
Select the “Accounting Information” link to view the account postings
Select the “Attach Notes” link to add comments and observations and attach documents
Select the “Collaborate” link to record or view the observations or comments or discussions regarding the document
Select the “Maintain Interest Rates” link to define interest rates.