Setting Up Milestones/Stage Payments—Exercises
Main Exercise
Purpose: The purpose of this lesson is to learn how to
enter a milestone/stage payment template. The
milestone/stage payment template is used to make it
easier to enter milestones to a purchase order line.
There are two different types of
templates, one is pure milestone and one is milestone/stage payment. The type of
template is set by the purchase payment type in the milestone header. Below
are two examples describing the two different types of milestones:
Windows:
Procurement Basic Data/Milestone/Payment Templates
- Create a new template by entering your User ID on the Template ID field. Enter a corresponding description.
Also set the Purchase Payment Type to Normal.
- In the table, create a new line and enter a Milestone ID, e.g., 1.
- Enter a description in the Description field, e.g., Partial Delivery Step 1.
- Enter a percentage value in the Progress field.
- Enter information on lead time and previous milestone in the appropriate
fields. You also have the option to include notes for each line entered.
- Create two more lines with Milestone IDs 2 and 3.
- Save (F12).
- Create a new template by entering your User ID on the Template ID field. Enter a corresponding description.
Also set the Purchase Payment Type to Staged.
- In the table, create a new line and enter a Milestone ID, e.g., 1.
- Enter a description in the Description field, e.g., Partial Delivery Step 1.
- Enter a percentage value in the Progress field.
- Enter a percentage value in the stage payment (%)
field.
- Enter information on lead time and previous milestone in the appropriate
fields. You also have the option to include notes for each line entered.
- Create two more lines with Milestone IDs 2 and 3.
- Make sure that the total stage payment percentage
for lines entered is 100%.
- Define which stage payment line that should be set
as being the last stage payment.
- Save (F12).