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Hello IFS Community,

I would like to know more about the different options under the Sales Contract Invoice Method field in IFS Cloud. I see that there are multiple options here but I would like to know about these 2 options in particular:

  1. Direct Invoice
  2. Invoice After Payment.

Can someone please explain what they mean and when they should be used?

Many thanks!

 

@AshD invoicing a Sales Contract is done via Application for Payment. And Invoice Method specifies what actions need to be done in the AfP so that the invoice could be created.

When Direct Invoice then

  • you create the AfP → Approve AfP → can directly create the invoice → AfP goes to Certified status as soon as the invoice is created

When Invoice after Payment

  • you create AfP → Approve → Submit for Certify → Certified → record payment → Invoice creation possible only after payment was matched to AfP.

See more details in the AfP documentation page:

https://docs.ifs.com/ifsclouddocs/24r1/ApplicationForPayment/AboutApplicationForPayment.htm?StandAlone=true

Thank you @Marcel.Ausan for this answer. 

@AshD invoicing a Sales Contract is done via Application for Payment. And Invoice Method specifies what actions need to be done in the AfP so that the invoice could be created.

When Direct Invoice then

  • you create the AfP → Approve AfP → can directly create the invoice → AfP goes to Certified status as soon as the invoice is created

When Invoice after Payment

  • you create AfP → Approve → Submit for Certify → Certified → record payment → Invoice creation possible only after payment was matched to AfP.

See more details in the AfP documentation page:

https://docs.ifs.com/ifsclouddocs/24r1/ApplicationForPayment/AboutApplicationForPayment.htm?StandAlone=true

 

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