USER MANUAL – AP/AR NETTING PROCESS
Contents
Setup.......................................................................................................................... 4
System Options....................................................................................................... 4
Define Sequences.................................................................................................... 4
Enable Netting on Bank Account............................................................................. 5
Define Receipt Class................................................................................................ 5
Process Flow............................................................................................................... 7
Netting Agreement.................................................................................................. 7
Netting Batch.......................................................................................................... 8
Final Netting Report............................................................................................... 11
Auto Create AP Invoice.......................................................................................... 12
Auto created AR Receipt........................................................................................ 13
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USER MANUAL – AP/AR NETTING PROCESS
Setup
System Options
Allow payment of unrelated transactions in system options
pg. 2
USER MANUAL – AP/AR NETTING PROCESS
Define Sequences
pg. 3
USER MANUAL – AP/AR NETTING PROCESS
Enable Netting on Bank Account
pg. 4
USER MANUAL – AP/AR NETTING PROCESS
Define Receipt Class
pg. 5
USER MANUAL – AP/AR NETTING PROCESS
Process Flow
pg. 6
USER MANUAL – AP/AR NETTING PROCESS
Netting Agreement
Create a template of a party which is doing business as a supplier as well as
customer.
AP invoice types and AR transaction types are also assigned on this agreement.
pg. 7
USER MANUAL – AP/AR NETTING PROCESS
Netting Batch
Define a netting batch as shown below and assign netting agreement to it and then
submit.
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USER MANUAL – AP/AR NETTING PROCESS
When status become created then click on update button and submit batch as
shown below.
On clicking batch number you can view all AP and AR transactions which will net off
against each other as shown below.
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USER MANUAL – AP/AR NETTING PROCESS
pg. 10
USER MANUAL – AP/AR NETTING PROCESS
Final Netting Report
Click on view report icon to view final netting report
pg. 11
USER MANUAL – AP/AR NETTING PROCESS
Auto Create AP Invoice
pg. 12
USER MANUAL – AP/AR NETTING PROCESS
Auto created AR Receipt
pg. 13
USER MANUAL – AP/AR NETTING PROCESS
pg. 14