Evaluated
Receipt Settlement (ERS) is a procedure for the automatic settlement
of goods receipts
In
an ERS transaction, the supplier ships goods based upon an Advance
Shipping Notice (ASN), and the purchaser, upon receipt, confirms the
existence of a corresponding purchase order or contract, verifies the
identity and quantity of the goods, and then pays the supplier.
Evaluated
Receipt Settlement (ERS), also known as "Invoice on Receipt"
or "Pay on Receipt" or Self Billing Invoices (SBI), is a
process whereby company creates a system invoice on behalf of the
supplier for receipts booked against PO's or BPA releases
Setups
Involved
Supplier
Site Should Have Purpose as “Purchasing” and “Pay”
Supplier ---> Purchasing --> Self Billing Should Have Pay on As "Receipt"
Below
Periods to be Open
1.
GL Accounting Period
2.AP
Accounting Period
3.Inventory
Period
4.Purchasing
Control Period
Transaction Flow
Create
BPA and Release
Purchase
Order Terms Should Have Pay on as “Receipt”
Approve
and Create Releases
Create
Receipts
Three
Concurrent Will Be Triggered Serially
1.Receiving
Transaction Processor
2.ADS
(Pay On Receipt AutoInvoice)
3.Payables
Open Interface Import
Payable Open Interface output Will Show the Invoice Details
Search
For AP Invoice
AP Invoice Created as ERS
