Consignment payment invoices

Consignment payment invoices can be generated, either manually or automatically, for financial transactions that occur when consignment items are used.

When you create an item in the Item Master application, you can specify the item as a consignment item. Consignment items become part of the consignment inventory.

Purchase order lines for consumption items can only be invoiced upon usage of the item.

Consignment payment invoices can be generated in any of the following ways:
Individual Consumption
Each consumption transaction (either positive or negative) of a consignment item creates a single line on a consignment invoice.
Frequency
If invoices are based on a frequency, then the product-provided cron task (FREQCONSINV) evaluates consignment items to be processed. The frequency and units specified for the inventory record are used to determine the next invoice date. The cron task is set to run daily, unless you specify another value. A single invoice that contains up to the maximum number of lines is created for each vendor. You use the Organizations application to set the maximum number of lines on consignment invoices.
Manual
You can generate a consignment invoice manually. You select the Consignment Payment invoice type, and choose from the list of available consumption transactions to include on the invoice lines.


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