Invoice Duty / Freight IFRS Setup

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Invoice Duty / Freight IFRS Setup

The System Transaction Codes are displayed with both the Code Names and Descriptions. The Code Descriptions directly illustrate their functionality and role in the system, as fields are populated and tasks are performed.

The Invoice Duty/ Freight IFRS Setup Transaction Code is security controlled via Settings/ Explorer/ System Transaction Codes/ Link/ Invoice Duty/ Freight IFRS Setup. For additional information, refer to the Security Explorer, via the System Administration Training Manual.

Transaction Code:	Invoice Duty/ Freight IFRS Setup
General Description:	Adds IFRS proration formula to invoiced Purchase Orders' Duty and/or Freight fees. (See below.)
Are Authorization Steps Available?	N
Is System Notification Available?	N
Trax Control Panel Path(s):	Link/ Update/ Invoice Entry/ invoice Order Detail/ New Invoice Item Button
Windows(s):	w_invoice_order_eu
Related Switch(s):	None
Functions:	Adds IFRS proration formula to invoiced Purchase Orders.
Reports:	None

Available Functionality:

This transaction code implements the International Financial Reporting Standards (IFRS) required.

Duty_Freight_2

The following information/options are available in this window:
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IFRS checkbox

When selected, the the International Financial Reporting Standards (IFRS) proration calculations are implemented for Duty and/or Freight as well as other Invoice Taxes and Invoice Additional Fees charges made against a Purchase Order's Line items at time of invoicing. For detailed information, refer to the IFRS Proration Functionality via the Link Training Manual.

Note: As an alternative to the above IFRS Proration Functionality, IFRS can be captured through multiple invoice entries that can be tied to the Purchase Order's total invoiced cost. This option is tied to the hard-coded 'DUTY' and 'FREIGHT' Invoice Duty/Freight IFRS Setup tran code. For more information refer to IFRS Total Cost Functionality via the Link Training Manual.

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