Select Customer Invoices/Prepayments for Netting
Explanation
The Customer Invoices/Prepayments for Netting activity is used for
selecting customer invoices or prepayments that can be used in netting between supplier
and customer. The Remaining Amount on Payment field must always be zero
(0). Adjust the paid amount on individual invoices to zero the balance. No new payments on
account can be created.
Note that information that netting has taken place is not automatically sent to the
supplier/customer. This must be carried out manually.
Prerequisites
This activity requires that information has been entered in the
General and
Supplier
Invoices/
Prepayments tabs in Netting.
System Effects
As a result of this entry, a voucher group G is created containing two payments, one
for customer invoices/prepayments and another for supplier invoices/prepayments. The
payments are booked on a cash account created specifically for netting transactions. The
same netting account is used for all currencies.
Window
Netting
Related Window Descriptions
Netting, Netting/Customer
Invoices/Prepayments, Netting has been performed
Procedure
To select customer invoices and prepayments for netting:
- Click the
Customer
Invoices/Prepayments tab in
the Netting window. The Remaining Amount on
Payment field shows the amount that is to be netted.
- Click New.
- Enter series and number in the Series ID and No fields. If only one open installment exists for the invoice, the system will automatically populate the Installment ID field. When the installment ID displays or you manually enter it, the system will automatically populate the following fields. You also can select the items by right-clicking and clicking
Select Batch.
- If you want to enter a parked payment for offset, select the Parked
Payment check box and continue as in step 3.
- Continue entering the transactions until
the value in the Remaining Amount on Payment field is zero (0).
- Modify the interest date if required.
- Click Save to save the details entered
on
all tabs.
- The Netting has been performed
dialog box appears with
the details about
the created payment and the created voucher. Click OK.