Minimum time for services

Minimum time for services Introduction Client X invoice their services to customers via one of two different billing mechanisms, based on the contract between them. Firstly through a Resource Related Billing process, where again this splits into two processes. Internally … Read More

Cost price in Free of charge PO

Cost price in Free of charge PO Introduction When a payable purchase order is created from a normal (delivery related) sales order in SAP, the costs to the seller (sales organization) are determined from the vendor’s invoice, (and must be … Read More

Condition Exclusion

Condition Exclusion Introduction During the Drop Shipment scenario, (Intercompany Billing) it is the Product Companies (PC) that deliver the goods on behalf of the Network Company, (NC). As the NC is not aware of the amount to be invoiced by … Read More

Italian Bollo

Italian Bollo Introduction When Italian businesses invoice their domestic customers an amount greater than 77.47, and no VAT is applied, they are required to apply an additional 1.81 to the final amount, (Bollo). This is a legal requirement and has … Read More

European VAT 2010

European VAT 2010 Introduction During July 2009, Wartsila Finland’s Corporate Tax department were informed that as of 01.01.2010, the place of supply (when determining and reporting VAT) for service related materials would no longer be where the work physically took … Read More