FFC Maintenance

Form for Exchange Closing (FFC) enables several Invoices with currency in common and with the same importer to be grouped in order to close the exchange in a single contract.

Procedures

Adding a FFC:

1. By selecting FFC Maintenance, fill out fields according to help instructions and click OK to continue.
2. Select or clear the invoices according to the grouping to be chosen in the exchange contract.
3. Click Generate FFC and confirm it.

 

 

Closing the exchange of a FFC:

1. On FFC Maintenance screen, fill out the field FFC Number and confirm it.
2. Click Closing and confirm it.
3. Fill out fields according to help instructions and click OK to confirm them.

 

 

Reversing the exchange of a FFC (Grouped Invoices):

1. On FFC Maintenance screen, fill out the field FFC Number and confirm it.
2. Click Reversal.
3. Click OK to confirm the reversal.

 

Important:

Difference between Advance Payment and Post-shipment

For advance payment installments, fields are changed when they are displayed and printed.

• Installments  concerning advances are identified with an asterisk (*) before the order number.
• Order Number – In installments concerning advances, PO number is printed in the process number field.
• Invoice – In installments of advances, Proforma Invoice (entered in PO phase) is printed instead of Commercial Invoice (entered in Shipment/Clearance phase).
• Installment Value - Advance Value.