- Overview
- Accounts Receivable
- Credit Management
- Accounts Payable
- Reconciliation
- Finance
|
Customer Vendor Netting
Cashbook Customer Vendor Netting allows trading partners to simply net payments between different entities within a single company environment.
The module automatically compares and nets invoices in Accounts Payable (AP) data with Accounts Receivable data.
Invoices can be netted based upon 3 rules:
- An invoice from either Accounts Payable or Receivable can create a credit or debit note in the other subledger.
- Invoices can be netted from Accounts Payable and Receivable to create a balancing record on the appropriate subledger.
- A 1 to 1 matching rule requires only exact matches enable
netting to occur.
Features
- Net to offset invoices between customer and supplier
- Net to transfer customer invoices to a supplier account
- Net to transfer supplier invoices to a customer account
|
- Net to create a single transaction for the balancing amount
- Includes functionality to handle credit/debit notes and unallocated payments.
|
Benefits
- An excellent tool to deal with customers who are also vendors.
- A tool which can be used for invoices between subsidiary’s.
- Enables easy repayment of customers who have over-paid invoices.
- Ensures more control of poor payers who are also vendors.
|
|
Take a Product Tour
Sign up for Webex
Downloads
View Bank Interfaces
Contact Me
