Incoming_links Space USE
Overview
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This process manages different cases of rare and complex outstanding AR/AP cases to be cleared related to:
- partners dealing as a customer and vendor
- complex contracts with 2 or more business roles
- etc.
It is often needed to confirm that offset with the counterparty before posting clearing transactions. Signed offset agreements as an example of that confirmation.
Business process diagram
between two or more parties.
The offset scheme often requires counterparty confirmation before clearing transactions are posted.
Perform custom intercompany account offset flowchart
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How to review opposite AR/AP amounts
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Paths
| Path | Profitability & cost → Profitability and cost reports → Intercompany → Intercompany AR/AP open |
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Use Settings to change the structure of the report and set filters.
Specify the Period.
Select the AR/AP objects checkbox and Generate the report.
Find the AR/AP object that is relevant to the invoice.
Review the information about accounts payable and receivable by the AR/AP object.
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How to review opposite AR/AP amounts
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Paths
| Path | Profitability & cost → Intercompany → Intercompany sales documents (all) | ||
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How to perform AR/AP clearing within single company
1. Go to Profitability & cost and then click Intercompany sales documents (all) under Intercompany.
2. Open the Customer invoice – Intercompany document and click Go to the Intercompany invoice document, go to the Main tab.
3. Click Payment offset.
In the Offset payments: workplace, go to the Other prepayments tab.
4. In the Payment offset workplace, click the Other prepayments tab. The system will prepare the a list of prepayments to/from the counterparty that:
- Took place before the invoice date.
- Aren't Are not connected to the the Contract of of the AR/AP object.
- Have a different different AR/AP object.
5. Select the By all counterparty contacts filter.
6. Select the item and click Set-off /Transfer click Offset/transfer advance.
Correct 7. In the Offset section below, correct the amount for the list of documents in the Set-off section (below).
8. Click Executeto create the Offset to create the AR/AP offset offset document that clears the amount of the payment document amount against the amount of the AR/AP object. AR/AP object amount.
Paths
| Path | Treasury → AR/AP offset → AR/AP offset | ||
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How to perform AR/AP clearing for multiple legal entities
1. Go to Treasury and then click AR/AP offsetlistunder AR/AP offset.
2. Create the AR/AP offset document and open the Transaction.
3. Open the Transaction field.
4. In the Offsetting Offset setup wizard:Select , select the Arbitrary offset in the Transaction section and click Apply.Select the
Customer 5. In the AR/AP offsetdocument, select the customer company or Vendor vendor company in the Debtor field.
6. Select the Customer customer company or Vendor vendor company in the Creditor field.
7. Choose the AR/AP object.
8. Click the Accounts receivable tab.
9. Fill in all the necessary fields on the Accounts receivable and the Accounts payables tabs..
10. Click the Accounts payable tab.
11. Fill all the necessary fields.
Paths
| Path | Treasury → Cash forecasting → Payment requests | ||
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How to update and confirm payment
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requests
1. Go to Treasury and then click Payment requests under Cash forecasting.
2. Open the Intercompany invoice required document, update amount to be paid after offset.
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Alternative path1. Open an Invoice document. 2. Click |
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Reports → |
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Related documents |
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. 3. Find and open the |
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required Payment request. |
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Open the Payment request.
Set the Approved status.
Write any relevant comments on settlements performed in the Note field.
If there is no payment request, select a higher-level document (a purchase order or a contract), click Build from selected item, and then find the required Payment request. |
3. In the Payment request document, set the Approved status.
4. In the Notes field, write any relevant offset comments.
5. PostPost and close the payment request.