Purpose

The full asset value invoice functionality allows to issue VAT invoice for customer on full asset and options value on contract activation moment.

Setup

Navigate to Fin. Product Setup page.

Enable a flag Full Asset Value Invoice on Accounting and Tax tab.

Full Asset Value Invoice is allowed only for financial products where Amounts Including VAT is enabled.

Navigate to Leasing Initial Invoices Posting Setup and configure full asset value initial invoice line for selected financial product.

Full Asset Value Invoice

Create and activate new application using financial product with full asset value invoice setup:

On activation system will create and post full asset value invoice to customer and will do additional G/L postings to move customer balance from customer A/R account to non-current leasing receivable account.

Navigate to Posted Sales Invoice to see posted full asset value invoice:

Navigate to Customer Ledger per contract to see the result:

Navigate to G/L Summary per Contract to see the result:

Invoicing Run

The principal amount for regular installment will not be visible on posted sales invoice as separate line but will be posted via general journal as additional posting on installment sales invoice posting moment.

Posted regular installment sales invoice:

Additional G/L postings for Principal amount: