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.