Contra Settlement With Supplier4/23/2021
If you leave this processing option blank, the system uses the value that is set up in the data dictionary for data item PST (Pay Status).For example, you can reclassify debit memos in Accounts Payable to invoices in Accounts Receivable, and credit memos in Accounts Receivable to vouchers in Accounts Payable.The credit memo is the source document, the negative receipt is the transfer document, and the voucher is the result document.
You can specify unique document types in the Voucher Entry MBF Processing Options (P0400047) and Invoice Entry MBF Processing Options (P03B0011) programs that the system assigns to result documents. Therefore, the document types that the system assigns to the result documents might differ from the document types that are listed in the preceding table. To create netting transactions, select transactions in either Accounts Receivable or Accounts Payable for which you want to reclassify and then post the transfer and result documents. You can specify whether posted or posted and unposted transactions are eligible for netting using the Posted Documents processing option. ![]() However, the system reclassifies only those transactions that apply to the method of netting that you perform. When you complete the netting entry, the system reclassifies the selected Accounts Payable transactions to Accounts Receivable, but the system does not reclassify or otherwise close or revise the transactions that you select in Accounts Receivable. If you perform AP netting, the system reclassifies the selected Accounts Receivable transactions to Accounts Payable but does not reclassify the selected Accounts Payable transactions. ![]() This can assist you in determining whether to perform ARAP netting. Only those transactions that contain a 1 in the Netting Status field are eligible for ARAP netting. The system updates this field with a 1 if the Address Book record of the customersupplier contains a Y in the ARAP Netting field. If you entered transactions in Accounts Payable and Accounts Receivable with the ARAP Netting field set to N (No), you can use the Speed Status Change program (P03B114 and P0411S) to update the Netting Status field on these transactions to 1. The system creates these entries when you post the transactions. To perform AR netting, you select voucher PV 001 to reclassify to accounts receivable. The system creates a manual payment (PN 211) for 1,000 and updates the voucher open amount to zero and the pay status to P. When you post the manual payment, the system debits the AP trade account and credits the netting suspense account defined by AAI item NC. When you post the credit memo, the system credits the AR trade account and debits the netting suspense account. For netted documents, you can also review associated source, result, and transfer documents and delete and void netting transactions. The system assigns the payment instrument that is defined on the customer master and supplier master records. If a payment instrument is not defined on the customer master and supplier master records, the system assigns the data dictionary default value. If the Override Payment Instrument processing option is blank, the system ignores this processing option.
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