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

Entering a Milestone/Stage Payment Template used as pure Milestone

  1. 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.
  2. In the table, create a new line and enter a Milestone ID, e.g., 1.
  3. Enter a description in the Description field, e.g., Partial Delivery Step 1.
  4. Enter a percentage value in the Progress field.
  5. Enter information on lead time and previous milestone in the appropriate fields. You also have the option to include notes for each line entered.
  6. Create two more lines with Milestone IDs 2 and 3.
  7. Save (F12).

Entering a Milestone/Stage Payment Template used as Milestone/Stage Payment

  1. 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.
  2. In the table, create a new line and enter a Milestone ID, e.g., 1.
  3. Enter a description in the Description field, e.g., Partial Delivery Step 1.
  4. Enter a percentage value in the Progress field.
  5. Enter a percentage value in the stage payment (%) field.
  6. Enter information on lead time and previous milestone in the appropriate fields. You also have the option to include notes for each line entered.
  7. Create two more lines with Milestone IDs 2 and 3.
  8. Make sure that the total stage payment percentage for lines entered is 100%.
  9. Define which stage payment line that should be set as being the last stage payment.
  10. Save (F12).

 

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