Specify Milestones
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This page allows you to associate multiple milestones to a sale order. This facilitates the customer to make the payment against the invoice generated whenever a milestone target is achieved. This provision can be used for billing purposes.
Select the "Specify Milestones" link at the bottom of “Maintain Sale Order “page.
The "Specify Milestones" page appears.
The system displays the following from the previous page:
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Order Number |
The number identifying the sale order. |
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Amendment No. |
The number identifying the amendment, if the sale order is amended. |
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Status |
The status of the sale order. |
Enter the following fields:
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Level |
Use the drop-down list box to select the level for which you must specify the milestone. The valid options are “Document” and “Line”. Mandatory |
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Line No. |
Use the drop-down list box to select the line for which you must specify the milestone. The system loads the line numbers only if you selected the Level as “Line”. |
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Milestone Applicable |
Use the drop-down list box to select either “Yes” or “No” option to indicate whether the milestone billing is applicable or not. |
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Milestone No. |
The unique number of the milestone. (Alphanumeric, 18). |
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Help facility available |
The system displays the following only if you selected the Line Number from the drop-down list box:
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Item Code |
The code identifying the item. |
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Variant Code |
The code identifying the variant of the item. |
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Item Variant Description |
A textual description of the variant of the item. |
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UOM |
The unit of measure of the items. |
The system displays the following:
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Quantity |
The number of items required. |
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Total Value |
The total value of the order in case the milestone is at document level and total value of the respective line item if the milestone is at line level. |
The system displays the following in the “Milestone Details” multiline upon selecting the Milestone Number:
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Sl No. |
The serial number of the record in the multiline. |
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Milestone Code |
The code of the milestone. |
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Milestone Desc. |
A description of the milestone. |
Enter the following in the “Milestone Details” multiline:
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Proportion % |
The percentage of the total value applicable to the respective milestone. (Integer). Mandatory |
The system displays the following in the “Milestone Details” multiline:
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Proportional Value |
The system computes the proportional value or actual amount applicable to the milestone. The value will be displayed either after entering the proportion % or after saving the details. |
Enter the following in the “Milestone Details” multiline:
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Pay Term Code |
The unique code of the pay term. (Alphanumeric, 15). Mandatory |
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Help facility available |
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Payment Type |
Use the drop-down list box to select the type of payment. The valid options are “Regular“and “Advance”. Mandatory |
Note: Payment type must be ‘Advance’ if the Sale order is meant for stockable items as revenue recognition can be done only after the items are shipped. The payment type can be ‘Advance’ or ‘Regular’ for Service items.
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Expected Date of Completion |
The expected date of completion of the milestone. (Date Format). |
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Remarks |
Any remarks pertaining to the milestone of the sale order. (Alphanumeric, 100). |
Click the “Save” pushbutton to save the milestone details.
