This chapter contains these topics:
In Japan, bank transfers are the most commonly used method of payment. Japanese banks charge a fee for each transfer that a business requests. To help their customers avoid excessive bank charges, a monthly summarized invoice, or Kagami, is issued as the general billing procedure for Japanese businesses.
Businesses that use monthly summarized invoicing do not issue invoices for every goods delivery. Instead, businesses establish a monthly cut-off date with the customer and issue one invoice that summarizes all of the customer's business transactions for the prior month.
Working with summarized invoicing consists of the following tasks:
Updating summarized invoice information
Printing summarized invoice statements
From Asia - Pacific Region (G75), choose Summary Invoice Processing
From Summary Invoice Processing (G7511), choose Update Kagami Summary
To print summarized invoices, you must first summarize the invoice information that the system stores in the A/R Ledger file (F0311) by company and customer. To do this, run the Update A/R Open Amount File program (P750311).
When you update summarized invoice information, the system summarizes the information in the A/R ledger and the address book to create the following tables:
From Asia - Pacific Region (G75), choose Summary Invoice Processing
From Summary Invoice Processing (G7511), choose Print Summary Invoices
After you update the summarized invoice information for the current period, you can print summarized invoices. To do this, run the Reprint Summary Invoices program. The system prints a summarized invoice for each customer that you specify based on the information in the A/R Summarized File.
Summarized invoices include the following information:
"Bill to" name and address for the customer.
Billing period. Although billing periods vary by customer, the beginning of the period must be the day after the last cutoff date. The end of the previous period is the cut-off date.
Open amount as of the cut-off date. The open amount is summarized by sales, cash receipts, adjustments, and so on.
Detailed information from each sales order, such as invoice number, item number, and price.
You can also use processing options to indicate whether you want to:
Update the statement number and statement date in the Accounts Receivable Ledger file (F0311). The statement number is a next number in the Accounts Receivable system. The statement date is the system date.
Print the Who's Who information for the customer
Print both A/R summary and sales order detail information
Print only A/R summary information
Print only sales order detail information
Verify that you have a next number set up for the summarized invoices in the Accounts Receivable system. To do this, use the next number for Statement No. See Set Up Next Numbers in the JD Edwards World Accounts Receivable Guide.
Set up user defined codes for Japanese receipt and invoice types. See Section 5.1, "Setting Up User Defined Codes for Japan."