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## 4.1 Create Invoice

This topic describes the systematic instruction to create an invoice using Create Receivables and Payables screen.

1. On Create Receivables and Payables screen, select Invoice from the Instrument Type list.

Basic Information

2. Click Proceed to view the screen for populating the invoice details.
   The Invoice - Basic Information screen displays.

   Figure 4-2 Invoice - Basic Information

   Description of "Figure 4-2 Invoice - Basic Information"
3. Specify the fields on Basic Information screen.

   Note:

   The fields marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 4-2 Basic Information - Field Description

   Field | Description
   --- | ---
   Invoice Number | Specify the unique reference number for invoice to be created. OR Click the Search icon to select the existing invoice number. This field cannot be modified once authorized.
   Invoice Date | Click the Calendar icon and select the date of invoice creation. By default, the system’s current date is set.
   Invoice Value Date | Click the Calendar icon and select the invoice value date. This date may be different from the invoice date.
   Invoice Due Date | Click the Calendar icon and select the date by when the invoice is due.
   Supplier | Click the Search icon and select the supplier of the goods/commodity. This field cannot be modified once authorized.
   Relationship | Click the Search icon and select the relationship of the selected supplier under which this invoice should be created. This field cannot be modified once authorized.
   Program | Click the Search icon and select the required program under which the invoice should be created. This field is applicable only to the Oracle Banking Supply Chain Finance system.
   Buyer | Click the Search icon and select the buyer to create the invoice for. This field cannot be modified once authorized.
   Supplier Division Code | Click the Search icon and select the division code of the supplier.
   Buyer Division Code | Click the Search icon and select the division code of the buyer.
   Currency | Select the currency of the invoice.
   Pre-Accepted | Switch the toggle ON if the invoice is pre-accepted by the buyer.
   Funding Request Date | Click the Calendar icon and select the date on which funding for the invoice is requested. This date can be greater than or lesser than the system’s current date. Note: The Funding Request Date can be lesser than the system's current date only if the Allow Back-Dated Disbursement toggle is enabled in the System Parameters, Product Parameters, or Program Parameters.
   Remarks | Specify the comments regarding the invoice, if any.
   Use Earmarked Limits | Switch this toggle ON to enable the invoice to utilize the earmarked limits. This toggle switch is displayed only if the selected Program selected has Factoring Profile defined. This field is applicable only for the Oracle Banking Supply Chain Finance system.
   Message Reference Number | Click the Search icon to select the message reference number.
   Collection/Repayment Account | Displays the details of Collection/Repayment Account.
   Payment Mode | Select the preferred mode in which payments for the invoice will be received. The available options are: Account Transfer CBT – Cross Border Transfer EFT
   Virtual Account | Switch the toggle ON, if the repayment account is a virtual one.
   Disbursement Credit Account | Displays the details of Disbursement Credit Account.
   Payment Mode | Select the preferred mode of disbursement for this product. The available options are: Account Transfer CBT – Cross Border Transfer EFT
   New Account | Switch the toggle ON, if the disbursement credit account is a new one.
   Filler Fields/Miscellaneous Fields | Specify the desired values in the filler fields. The bank can configure these fields on Day Zero based on their requirement.

4. Click on Search icon to get the Message Reference Number Screen.
   The Message Reference Number screen displays.
   Description of the illustration message-number-field.png

   For more information on fields, refer to the field description table.

   Table 4-3 Message Reference Number

   Field | Description
   --- | ---
   Supplier Id | Specify the supplier Id of message reference number.
   Buyer Id | Specify the buyer Id of message reference number.
   Invoice Number | Specify the unique number for the invoice.
   Message Type | Specify the message type of invoice.
   Message Reference Number | Specify the reference number for the message.
   From Date | Click the Calendar icon and specify the start range for the selected data reference basis.
   To Date | Click the Calendar icon and specify the end date of range for the selected data reference basis.

5. Perform any of the below action from the Basic Information screen.
   - Click Next to go to the Purchase Order, Commodity and Pricing screen.
   - Click Save and Close to save the invoice details and submit it for authorization.
   - Click Cancel to cancel the creation of the invoice.

Purchase Order, Commodity and Pricing

6. Click Next on Basic Information tab.
   The Invoice - Commodity and Pricing screen displays.

   Figure 4-3 Invoice - Purchase Order, Commodity and Pricing

   Description of "Figure 4-3 Invoice - Purchase Order, Commodity and Pricing"

   For more information on fields, refer to the field description table.

   Table 4-4 Purchase Order, Commodity and Pricing - Field Description

   Field | Description
   --- | ---
   Invoice Number | Displays the reference number of the invoice.
   Buyer | Displays the name of the buyer.
   Supplier | Displays the name of the supplier.
   Invoice Due Date | Displays the date when the invoice is due.

7. Switch the Link Purchase Orders toggle ON to link one or more purchase orders to the invoice.
   1. In the Link Purchase Orders section, click Add icon to link one or more purchase orders to the invoice.
      The Link Purchase Orders screen displays.

      Figure 4-4 Link Purchase Orders

      Description of "Figure 4-4 Link Purchase Orders"
   2. On the Link Purchase Orders screen, specify the required search criteria and click Fetch.
      The relevant purchase order records are displayed.
   3. Select the records and click Save to link the purchase orders to the invoice.
      The Link Purchase Orders section displays with the linked purchase orders.

      For more information on fields, refer to the field description table.

      Table 4-5 Link Purchase Orders - Field Description

      Field | Description
      --- | ---
      Purchase Order Number | Displays the purchase order numbers of the same buyer-seller combination as the invoice.
      Purchase Order Amount | Displays the purchase order amount.
      Purchase Order Available Amount | Displays the purchase order amount as purchase order available amount. Once a purchase order is linked to an invoice, Purchase Order Available Amount = Purchase Order Amount - Invoice Allocated Amount.
      Invoice Allocated Amount (PO CCY) | Displays the invoice amount allocated to a purchase order in PO currency. This field is editable and allows you to add the amount manually as well. On entering this value, the invoice allocation percentage is automatically updated. If Purchase Order Available Amount is greater than or equal to Invoice Amount, the entire invoice amount is allocated to the PO by default. If not, the invoice Amount to the extent of PO Available Amount is allocated to the purchase order.
      Exchange Rate | Displays the exchange rate between invoice currency and PO currency.
      Invoice Allocated Amount (Inv CCY) | Displays the invoice amount allocated to a purchase order in invoice currency.
      Invoice Allocation Percentage | Displays the percentage of invoice amount allocated to a purchase order. This field is editable and allows you to add the percentage manually as well. On entering this value, the invoice allocated amount is automatically updated.
      Purchase Order Available Amount Post-Linkage | Displays the available purchase order amount post the linkage with invoice.
      Action | Displays the following options to edit or delete the purchase order record. Click Edit icon to edit the record. Click Delete icon to delete the record.

8. Switch the Add Commodities toggle ON to add the Commodity details.
9. In the Add Commodities section, click Add icon to add the commodity details.

   For more information on fields, refer to the field description table.

   Table 4-6 Commodity Details - Field Description

   Field | Description
   --- | ---
   Commodity Details | Displays the fields related to the Commodity details. This section appears if the Add Commodities toggle is switched ON.
   Commodity Name | Displays the commodity name based on the selected commodity code.
   PO Number | Displays the reference number of the linked purchase orders.
   Unit | Select the measuring unit for the goods.
   Quantity | Specify the quantity of the goods as per selected measuring unit.
   Unit Cost | Specify a single unit’s cost of the goods.
   Discount (%) | Specify the percentage of discount to be applied on the total cost.
   Discount Amount | Displays the discount amount based on the discount percentage.
   Tax (%) | Specify the percentage of tax to be applied on total amount post discounting.
   Tax Amount | Displays the tax amount based on tax percentage.
   Net Cost (PO Ccy) | Displays the total amount of the commodity after discount, and inclusion of tax. Total Net Cost should be equal to Total Invoice Allocated Amount. The value is displayed in the PO Currency.
   Net Cost (Inv Ccy) | Displays the total amount of the commodity after discount, and inclusion of tax. Total Net Cost should be equal to Total Invoice Allocated Amount. The value is displayed in the Invoice Currency.
   Action | Displays the following options to edit or delete the commodity details. Click Edit icon to edit the record. Click Delete icon to delete the record.

10. In the Pricing Details section, specify the following pricing details.

    Note:

    The fields marked as Required are mandatory.

    For more information on fields, refer to the field description table.

    Table 4-7 Pricing Details - Field Description

    Field | Description
    --- | ---
    Currency | Displays the selected currency.
    Base Invoice Amount | Displays the base amount of the invoice. This field is editable and allows you to add the base amount manually, if the Base Invoice Amount is greater than or equal to the Total Net Cost.
    Discount Percentage | Specify the percentage of discount to be applied on the base invoice amount. Discount percentage is auto-calculated based on entered discount amount.
    Discount Amount | Specify the amount to be discounted from the base invoice amount. Discount amount is auto-calculated based on entered discount percentage.
    Tax (%) | Specify the percentage of tax to be levied on the total invoice amount. Tax percentage is auto-calculated based on entered tax amount.
    Tax Amount | Specify the amount of tax to be levied on the total invoice amount. Tax amount is auto-calculated based on entered tax percentage.
    Total Invoice Amount | Displays the total invoice amount post calculating base invoice amount, discount, and tax.
    Misc Charge 1 Desc | Specify the description of the miscellaneous charges to be added in total invoice amount.
    Misc Charge 1 Amount | Specify the miscellaneous charge amount to be added in total invoice amount.
    Misc Charge 2 Desc | Specify the description of another miscellaneous charges to be added in total invoice amount.
    Misc Charge 2 Amount | Specify the miscellaneous charge amount to be added in total invoice amount.
    Net Invoice Amount | Displays the net invoice amount post adding miscellaneous charges in the total invoice amount.
    Acceptance Amount | Specify the invoice amount that has been accepted by the Buyer.
    Primary Discount Days | Specify the primary discount days.
    Primary Discount Percentage | Specify the primary discount percentage.
    Secondary Discount Days | Specify the secondary discount days.
    Secondary Discount Percentage | Specify the secondary discount percentage.

11. Perform any of the following action from the Commodity and Pricing screen:
    - Click Next to go to the Shipment Information screen.
    - Click Save and Close to save the invoice details and submit it for authorization.
    - Click Back to go to the Basic Information screen.
    - Click Cancel to cancel the creation of the invoice.

Shipment Information

12. Click Next on Commodity and Pricing tab.
    The Invoice - Shipment Information screen displays.

    Figure 4-5 Invoice - Shipment Information

    Description of "Figure 4-5 Invoice - Shipment Information"
13. Specify the fields on Shipment Information screen.

    Note:

    The fields marked as Required are mandatory.

    For more information on fields, refer to the field description table.

    Table 4-8 Shipment Information - Field Description

    Field | Description
    --- | ---
    Invoice Number | Displays the reference number of the invoice.
    Buyer | Displays the name of the buyer.
    Supplier | Displays the name of the supplier.
    Invoice Due Date | Displays the date when the invoice is due.
    Shipment Date | Click the Calendar icon and select the date on which the buyer expects commodity to get dispatched.
    Shipment Number | Specify the unique shipment number to track the shipment.
    Shipment Address | Specify the complete address where shipment should be sent.
    Shipment Country | Select the country to send the shipment to.
    City | Select the city to send the shipment to.
    Zip Code | Specify the postal code to send the shipment to.
    Phone Number | Specify the contact number of the shipment company.
    Tax Id | Specify the unique tax id if shipment charge includes tax amount.
    Reason for Export | Specify the reason for exporting the shipment.
    Terms of Sale(Incoterms) | Select any of the following terms of sales: DAF – Delivered At Frontier DES - Delivered Ex Ship DEQ - Delivered Ex Quay DDU - Delivered Duty Unpaid CIP - Carriage and Insurance Paid To CPT - Carriage Paid To CIF - Cost, Insurance and Freight CFR - Cost and Freight FOB - Free On Board DDP - Delivered Duty Paid FCA - Free Carrier EXW - Ex Works FAS - Free Alongside Ship
    Net Payment Terms | Specify the terms of payments, if any.
    Country of Origin | Select the country from where the shipment is being sent.
    Payment Condition | Select the payment condition. The options are: Open Account Bill of exchange against acceptance Bill of exchange against payment Documents through banks Instalment payment without draft Instalment payment with draft Other

14. Perform any of the below action from the Shipment Information screen:
    - Click Next to go to the Summary screen.
    - Click Save and Close to save the invoice details and submit it for authorization.
    - Click Back to go to the Commodity and Pricing screen.
    - Click Cancel to cancel the creation of the invoice.

Summary

15. Click Next on Shipment Information tab.
    The Invoice - Summary screen displays.

    Figure 4-6 Invoice - Summary

    Description of "Figure 4-6 Invoice - Summary"
16. Review the detail of the invoice being created and perform any of the following action from the Summary screen.
    - Click Save and Close to save the invoice details and submit it for authorization.
    - Click Back to go to the Shipment Information screen.
    - Click Cancel to cancel the creation of the invoice.

    Note:

    A cashflow record is automatically created for every new invoice record, if the ‘Create Cashflow from Invoice’ system-level configuration parameter is set to Yes.

Parent topic: Process to Create Receivables and Payables