Modifying payment schedule

This page allows you to modify the default payment schedule that is generated based on the pay term set while creating the Credit note. Tell me more.

Select the “Payment Schedule” link at the bottom of the “Transfer Supplier Balance” page.

The “Payment Schedule” page appears.

The system displays the following details in the header.

Workflow Status

The status of the document as per Workflow applicability.

The system displays the following:

Doc. No.	The number identifying the credit Note.
Status	The status of the document. It could be “Draft”, “Fresh” or “”.
	Draft – indicates a newly created debit note that cannot be authorized.
	Fresh – indicates a newly created debit note that can be authorized.

Enter the following fields:

Discount Computation	Use the drop-down list box to set whether you want to calculate the discount on the “Base Amount” or the “Gross Amount”.
	Base Amount – indicates that the discount is calculated on the debit amount before the addition of taxes or charges or deduction of discounts.
	Gross Amount – indicates that the discount is calculated on the total debit amount after the addition of taxes and charges and deduction of discounts.
Pay Term	The code identifying the pay term (Alphanumeric, 15). Mandatory. This pay term must have been defined in the “Create Pay Term” activity of the “Pay Term” business component and must be in “Active” status.
	Press <Enter> key.
	The system calculates and displays the payment details in the “Payment Schedule Information” multiline. The system also generates the term number in the respective field.
	Help facility available

The system displays the following:

Desc.	The textual description of the pay term.
	Zoom facility available
Currency	The code identifying the currency in which the debit note has been raised.
Doc. Amount	The document amount.

Modify the following fields if required in the “Payment Schedule Information” multiline:

Note: At least one record must be available in at least one row of the multiline for the credit note.

Term No.	A unique number identifying the installment that is due for payment (Alphanumeric, 20). Mandatory.
Due Date	The date on which the installment is due for payment (Date Format). Mandatory. This date must be the same or after the date on which the debit note has been created.

Note: If data is available in more than one row of the “Payment Schedule Information” multiline, the due dates available in a row must be later than the date available in the earlier row.

Due Amount Type	Use the drop-down list box to select the type of the amount that is due for payment from “Flat Amount” or “Percentage”.
	Flat Amount – indicates that a flat amount is payable on the due date.
	Percentage – indicates that the amount due is a percentage of the total due amount.
Due %	The percentage of the total amount due (Integer). The value entered in this field must be greater than zero and lesser than 100.

Note: This field must not be left blank if “Percentage” is selected in the “Due Amount Type” field. The sum total of all the percentage due in the various rows of the multiline must be greater than zero and lesser than 100.

Due Amount

The amount due for the installment (Decimal). The value entered in this field must be greater than zero. This field must not be left blank if “Flat Amount” is selected in the “Due Amount Type” field.

Note: If “Percentage” is selected in the “Due Amount Type” field, this due amount is calculated and displayed as the product of the percentage due and the total amount. The sum of all the due amounts in the various rows of the multiline must be equal to the total amount of the debit note.

The system displays the following in the “Payment Schedule Information” multiline:

Discount Computation Amount

The amount on which the discount must be calculated.

Modify the following fields if required in the “Payment Schedule Information” multiline:

Discount Amount Type	Use the drop-down list box to select the type of discount amount that can be availed from “Flat Amount” or “Percentage”.
	Flat Amount – indicates that a flat amount can be deducted as discount.
	Percentage – indicates that the discount amount would be a percentage of the due amount.
Discount Date	The date on or before which the payment due must be made to avail the discount (Date Format). The date entered in this field must be after the debit note date, the anchor date and the due date.

Note: This field must not be left blank if a value is available in the “Term No” and the “Discount Amount Type” field If data is available in more than row of the “Payment Schedule Information” multiline, the discount date available in a row must be later than the date available in the earlier row.

Discount %

The percentage of the amount that can be deducted as discount (Integer). The value entered in this field must be greater than zero and lesser than 100.

Note: This field must not be left blank if “Percentage” is selected as “Discount Amount Type”.

Discount Amount

The amount that can be deducted as discount (Decimal). Mandatory. The value entered in this field must be lesser than the amount due.

Note: This field must not be left blank if “Flat Amount” is selected as “Discount Amount Type” and must be lesser than the amount available in the “Discount Computation Amount” field.

If “Discount Amount Type” is “Percentage” this amount will be calculated as the product of the percentage of discount and the amount on which the discount is computed.

Penalty %

The percentage of penalty if the payment is not made on time (Integer). The value entered in this field must be greater than zero and lesser than 100.

Check the box in the “Select” column of the multiline to mark the term number for deletion
Click the “Save” pushbutton to save the modified payment schedule.

The system generates a new payment schedule based on the modifications made.

Click the “Save And Authorize” pushbutton to save the modified payment schedule and authorize the debit note.

The system generates a new payment schedule based on the modifications made. This payment schedule cannot be modified any longer.

Click the “Delete” pushbutton to delete the Transfer Notes.

The system also updates the status of the Transfer Notes as “Deleted”. The system also updates the login ID of the user and the system date along with the Note details.

To proceed, carry out the following

Select the “Accounting Information” link at the bottom of the page to view the account posting information.
Select the "Attach Notes" link at the bottom of the page to attach notes.

Modifying payment schedule – An overview

Pay terms are defined in the “Pay Term” business component that is available in the login organization unit. This pay term is then mapped to the supplier. The system generates a default payment schedule for the newly created note based on the pay term set.

This page allows you to modify the details of the default payment schedule if required. The payment schedule can be modified only if the Modify Pay term Function Default has been set to “Yes” for the “Modify payment schedule”. You can modify the payment schedule if the debit note is in the “Draft”, “Fresh” or “” status. You can modify details like the number identifying the term, the dates on which the amount is due and the amount that is due. You can also modify the discount details.

The system stores the modified details along with the debit note. This page also allows you to authorize the debit note after saving the modifications are made to the pay term. The status of the debit note is updated to “Authorized”. The details of the debit note and the payment schedule cannot be modified any longer.

Prerequisite

“Swiss Pay Modes Applicable” must be set to “No” in the “Set Common Parameters” activity of the “Company Parameter Setup” business component.