AP\AR Netting

Define Bank Account for Netting Nav: Setup: Payment: Bank Accounts

Select the bank and Click on Create

Click on Continue

Click on Next

Click on Save and Next

Map only Cash account and Set Netting Account as Yes and Click on Save and Next In Step 4 of 5 Click Add Organization Access

Click on Continue In Payables Options enable Default Settlement Account

Click on Apply

Enable AP\AR Netting Receipt Class for our Operating Unit. Nav: Setup: Receipts: Receipt Class

Click on Bank Accounts

Define Document Sequence for Payable and Receivables (Sys Admin) Nav: Application: Sequential Numbering: Define

Assign document category to Category

In the process of AP\AR netting system will automatically generate Netting payments and Netting receipts. Netting Payments are created with AP\AR Netting Document Category Netting Receipts are created with Netting Payments Document Category

Define Netting Agreement Nav: Receipts: Netting: Netting Agreement Click on Create Agreement

In Step 2 of 3

Click on Next; In Step 3 of 3 Click on Finish

Record the transactions in AP and AR

Perform Netting Activity Nav: Receipts: Netting: Netting Batch

Click on Create Batch

Click on Submit

Check the Concurrent program

Browse the batch

Click on Update

Click on Submit

Check Concurrent Request program