ap-ar netting setup
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This is good for AP/AR Netting SetupTRANSCRIPT
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Netting Setup
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Netting SetupNetting In Account PayableStep:- 1 N-> Setup → Payment → Bank and Bank BranchesCreate a Bank branch and bank AccountBank Name AP/AR NETTINGBank Branch AP/AR BRANCHAccount Number AP/AR NETTINGBank Account Name TEST AP/AR NETTINGCurrency USDCountry IndiaAddress D-20, NOIDA UTTAR PRADESH 201301, INDIA
Cash A/C/ Netting Control A/C 01-000-1110-0000-000Cash Clearing A/C 01-000-1250-0000-000Netting Account YesNote Do not create Manage Payment Document when creating a Netting Bank Account
Bank Name and Bank Branch
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Bank Account
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Create Receivable Class IN Account ReceivableStep:-2 N-> Setup → Receipt → Receipt ClassCreate AP/AR Netting Receivable ClassReceipt Class AP/AR Netting This is seeded Receipt Class Receipt Method AP/AR Netting(1)Printed Name AP/AR NettingAttach the Netting BankCash Account 01-000-1110-0000-000
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Step:- 3 IN Account ReceivableCreate System Option N-> Setup → System → System OptionsSystem OptionOU Vision Operations
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Step:-4 IN Account ReceivableCreate Customer N-> Customer → CustomerCustomer TEST NETTING
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Step:-5 In Account PayableCreate Supplier N-> Supplier → EnterSupplier NETTING SUPPLIER
Address
Payment Detail
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Then Save
Step:-6Create Netting Agreement IN Account Receivable
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N->Receipt ->Netting ->Netting Agreement
Operating Unit Vision OperationsNetting Agreement Name Test Netting AgreementNetting Bank Account TEST AP/AR NETTINGSelect Only Past Due ReceivableNOPayables Invoice Types StandardReceivables Transaction Type Invoice
Select SupplierSupplier NETTING SUPPLIERSite NETTING
Select CustomerCustomer TEST NETTINGLocation 15653
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Step:-7Create AR Transaction ErrorTransaction Type When complete the AR Transaction system is giving error Transaction Source InvoiceCustomer MANUAL-OTHERTransaction No TEST NETTINGAmount 100000
40000Transaction NoAmount 100021
42525Transaction NoAmount 100022
7500 90025Step:-8Create AP InvoiceSupplier NETTING SUPPLIER
Invoice No Test-Netting-1Amount 151000
Step:-9Do NettingCreate Netting BatchNetting Batch Test Netting Batch
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Re-Query the Netting Batch
Output of Netting
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After that we will find Automatic AR Receipt created and Apply on AR Invoice
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And also Payment of AP Invoice
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Then after Re-Query the AP Invoice and Payment The Balance Amount.
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Re-Query the AP Invoice to View the final detail of Payment of Invoice.
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Step:- 1 Create a Bank branch and bank AccountStep:- 2 Create AP/AR Netting Receivable ClassStep:- 3 Create System OptionStep:- 4 Create CustomerStep:- 5 Create SupplierStep:- 6 Create Netting AgreementStep:- 7 Create AR TransactionStep:- 8 Create AP InvoiceStep:- 9 Create Netting Batch
Do not create Manage Payment Document when creating a Netting Bank Account
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This is seeded Receipt Class
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Transaction Type MANUAL-OTHER
Error FixedWhen complete the AR Transaction system is giving error Wrong Auto-accounting Define for Revenue.
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Wrong Auto-accounting Define for Revenue.