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Invoice Verification: Consignment Settlement

Description

As of Release 3.0, you can post settlement documents for individual withdrawals directly from the list of consignment liabilities. You can select the desired withdrawals and then choose the function Post . The system makes the required posting to the payable account and the vendor account and creates an accounting document.

Changes in procedure

To settle consignment liabilities, you should proceed as follows:

1. In the menu for invoice verification, choose Further processing -> Settle consgt liabs.
2. Enter the consignment liabilities you want to have listed.
3. Choose Execute program. A list of withdrawals will be displayed.
4. Select the withdrawals you require.
5. Choose Post.

Please note:

Withdrawals are not allocated to individual invoices. Therefore the system cannot determine whether a withdrawal has been settled or not. This means that if you select and post a withdrawal, it is not deleted from the list.

To prevent you from settling withdrawals more than once, we recommend that you carry out settlement on certain dates and post all withdrawals that have occurred since the last settlement run. If you limit your selection to those withdrawals only whose posting date falls after the last settlement date, only the withdrawals which are actually open are displayed.