Posting Types - Sales Contract Application for Payment (AFP)

Introduction

Explained below is the setup of posting controls used in the sales-contract-application-for-payment process. When processing an AFP, postings are created in 3 stages.

Submit application for payment
Certify Application for payment
Post project Invoice

It should be noted that postings created when submitting the application for payment, are fully reversed at the point of creating postings for certifying the application for payment. Postings created when certifying the application for payment are fully reversed during the posting of the project invoice.

Some of the above 3 stages and related postings may not be required based on the value selected for invoice method in the default settings of the sales contract. Invoice method indicates whether a company wishes to go through the steps of submit and certify AFP or directly create an invoice and related postings.

Posting Types

Posting Type	Description	Requires Ledger Account
AFP1	Submitted Application Revenue	No
AFP2	Accrued Submitted Applications	Yes
AFP3	Certified Application Revenue	No
AFP4	Accrued Certified Applications	Yes
AFP5	Submitted Application Discount	No
AFP6	Submitted Application Deductions	No
AFP7	Submitted Application Retention	No
AFP8	Retention Released Submitted Applications	No
AFP9	Certified Application Discount	No
AFP10	Certified Application Deductions	No
AFP11	Certified Application Retention	No
AFP12	Retention Released Certified Applications	No
AFPI1	Project Invoicing Retention	No
AFPI2	Project Invoicing Retention Released	No
AFPI3	Project Invoicing Discount	No
AFPI4	Project Invoicing Deduction	No

Available Control Types

Control Type	Description	Data Controlled by
AC1	Fixed value	IFS Accounting Rules
AC2	Pre posting	IFS Accounting Rules
AFPC1*	Sales Contract Item Type	Sales Contract
C15*	Sales Group for Sales Part	Customer Order
PRJC1*	Report Code	Project Reporting
PRJC7	Project program	Project Reporting
PRJC8	Customer ID	Project Reporting

* This control type can be used to control posting in the sales contract item level. A set of pre-defined item values, i.e., the report code, item type and the sales group of the item will be used as the control values.

Note: The Invoice Origin (PRJC16) control type can be used to identify the project invoices originated from AFP and it is used to control project invoice postings (PRJI1 and PRJI2).

Allowed Combinations of Posting Types and Control Types

Posting Type	Description	AC1	AC2	AFPC1	C15	PRJC1	PRJC7	PRJC8
AFP1	Submitted Application Revenue	X	X	X	X	X	X	X
AFP2	Accrued Submitted Applications	X	X	-	-	-	X	X
AFP3	Certified Application Revenue	X	X	X	X	X	X	X
AFP4	Accrued Certified Applications	X	X	-	-	-	X	X
AFP5	Submitted Application Discount	X	X	-	-	-	X	X
AFP6	Submitted Application Deductions	X	X	-	-	-	X	X
AFP7	Submitted Application Retention	X	X	-	-	-	X	X
AFP8	Retention Released Submitted Applications	X	X	-	-	-	X	X
AFP9	Certified Application Discount	X	X	-	-	-	X	X
AFP10	Certified Application Deductions	X	X	-	-	-	X	X
AFP11	Certified Application Retention	X	X	-	-	-	X	X
AFP12	Retention Released Certified Applications	X	X	-	-	-	X	X
AFPI1	Project Invoicing Retention	X	X	-	-	-	X	X
AFPI2	Project Invoicing Retention Released	X	X	-	-	-	X	X
AFPI3	Project Invoicing Discount	X	X	-	-	-	X	X
AFPI4	Project Invoicing Deduction	X	X	-	-	-	X	X

Connections between Posting Types and Process Activities

Posting Type	Posting Type Description	Activity and Description of Use	Debit /Credit Posting
AFP1	Submitted Application Revenue	Revenue which is identified when submitting an AFP is posted with this posting control. AFP1 is also used when reversing above posted submitted-application-revenue at the point of certifying an AFP.	Revenues are posted as credit. A debit posting will be created on reversal.
AFP2	Accrued Submitted Applications	The preliminary accounts-receivable amount identified when submitting an AFP is posted with this posting control. AFP2 is also used when reversing the above posted preliminary-accounts-receivable at the point of certifying an AFP.	Posted as a debit. A credit posting will be created on reversal.
AFP3	Certified Application Revenue	The preliminary revenue identified when certifying an AFP is posted with this posting control. AFP3 is also used when reversing the above posted certified-application-revenue at the point of posting an AFP generated project invoice.	Revenues are posted as credit. A debit posting will be created on reversal.
AFP4	Accrued Certified Applications	The preliminary accounts receivable amount identified when certifying an AFP is posted with this posting control. AFP4 is also used when reversing the above posted preliminary-accounts-receivable at the point of posting an AFP generated project invoice.	Posted as a debit. A credit posting will be created on reversal.
AFP5	Submitted Application Discount	The discount amount identified when submitting an AFP is posted with this posting control. AFP5 is also used when reversing the above posted submitted-application-discount at the point of certifying an AFP.	Posted as a debit. A credit posting will be created on reversal.
AFP6	Submitted Application Deductions	The preliminary deduction amount identified when submitting an AFP is posted with this posting control. AFP6 is also used when reversing the above posted submitted-application-deductions at the point of certifying an AFP.	Posted as a debit. A credit posting will be created on reversal.
AFP7	Submitted Application Retention	The retention amount identified when submitting an AFP is posted with this posting control. AFP7 is also used when reversing the above posted submitted-application-retention at the point of certifying an AFP	Posted as a debit. A credit posting will be created on reversal.
AFP8	Retention Released Submitted Applications	Preliminary retention release value identified when submitting an AFP is posted with this posting control AFP8 is also used when reversing above posted retention-released-submitted-applications at the point of certifying an AFP	Posted as a credit. A debit posting will be created on reversal.
AFP9	Certified Application Discount	The preliminary discount amount identified when certifying an AFP is posted with this posting control AFP9 is also used when reversing the above posted certified-application-discount at the point of posting a AFP generated project invoice.	Posted as a debit. A credit posting will be created on reversal.
AFP10	Certified Application Deductions	The preliminary deduction amount identified when certifying an AFP is posted with this posting control. AFP10 is also used when reversing the above posted certified-application-deduction at the point of posting a AFP generated project invoice.	Posted as a debit. A credit posting will be created on reversal.
AFP11	Certified Application Retention	The preliminary retention amount identified when certifying an AFP is posted with this posting control. AFP11 is also used when reversing the above posted certified-application-retention at the point of posting a AFP generated project invoice.	Posted as a debit. A credit posting will be created on reversal.
AFP12	Retention Released Certified Applications	The preliminary retention release value identified when certifying an AFP is posted with this posting control. AFP9 is also used when reversing the above posted retention-released-certified-applications at the point of posting a AFP generated project invoice.	Posted as a credit. A debit posting will be created on reversal.
AFPI1	Project Invoicing Retention	The final retention amount will be posted with this posting control when posting a AFP generated project invoice.	Posted as a debit.
AFPI2	Project Invoicing Retention Released	The final retention release amount will be posted with this posting control when posting a AFP generated project invoice.	Posted as a credit.
AFPI3	Project Invoicing Discount	The final discount amount will be posted with this posting control when posting a AFP generated project invoice.	Posted as a debit.
AFPI4	Project Invoicing Deduction	The final deduction amount will be posted with this posting control when posting a AFP generated project invoice.	Posted as a debit.