Enter Netting

Explanation

This activity is used to enter general information used in netting between supplier installments/invoices and pre-payments, and between customer installments/invoices and pre-payments when the supplier and the customer are part of the same association, and when netting is allowed. If you want to make netting possible between a supplier and a customer who are not a part of the same association, right-click in the Netting window, and select Non-Restricted Netting before you start entering the netting details. 

Prerequisites

This activity requires that netting between supplier and customer is allowed. Netting is allowed only if it has been marked in the Payment tab of the Supplier for the supplier concerned.

System Effects

As a result of this entry, the netting process can continue. There are no system effects until all information has been saved.

Window

Netting

Related Window Descriptions

Netting

Procedure

To enter netting between supplier and customer:

1. Open the Netting window.
2. Create a new record.
3. Modify the payment date if required.
4. Enter the supplier for whom you want to carry out netting in the Supplier ID field. The List of Values can be used to select the relevant supplier ID.
5. When the supplier is entered and non-restricted netting is not used, the system automatically displays the customer ID that will be used for the netting. If non-restricted netting is used, enter the identity of the customer to be used for the netting in the Customer ID field.
6. In the  Cash Account field, enter the cash account used for netting.
7. Change the payment currency if required.
8.  Modify the values displayed by default in the Voucher Date, Accounting Period, User Group and Voucher Type fields if required.
9. Save the information.