Settlement

Settlement of partner entries can be done in connection with ledger entry or via the partner. You can also learn here how a previous settlement can be canceled.

 

Settlement via ledger entry

When you select a partner in the ledger entry, you have the option to settle the associated entries on the partner.

1. Enter a line of type 'Partner Payment'
2. If you search for invoice numbers, document numbers, or amounts in the partner field, settlement will occur automatically
3. If you search for partner numbers or names in the partner field, settlement will not be suggested automatically
4. Regardless of the method you choose, you can always click the 'Settle' link under the 'Description' field
5. In the dialog box, select the entries to be settled with the line in the ledger entry
6. The amount will be automatically filled in on the line when you click 'Settle Partner Entries'

Also see: Ledger entry 

 

Settlement via partner

Open the partner you want to settle entries for.

1. At the top of the 'Saldo' box, you will find a menu (three dots). Select 'Create Settlement' here
2. All open entries are displayed in two columns depending on the balance's sign
3. Select the entries to be settled
4. If there is a difference remaining (maximum 0,50 DKK), it will automatically be posted as an adjustment on the partner under the financial account 'System Difference.'

If you want to create your own ledger account for posting differences, you can do so in the menu Ledger > Account overview. Open the 'Financial Costs' group and click '+Create New'. Choose Ledger tag type 'Currency Differences'.

Next time there is a difference during settlement, you can choose your new ledger account to post the difference.

Note: When settling a customer entry with a supplier entry for the same partner, it is important to select a payment date that falls within the same fiscal year or on the date the entries have.

This is important because the system records a new transaction on the payment date, and if this date is not within the same period, it can affect reports showing partner balances.

 

Partial settlement

If you want to make a partial settlement where the selected postings result in a balance, at the bottom, choose on which of the selected postings the remaining balance should be placed. This applies to both settlements via the ledger entry and via the partner.

Read more: Partial settlement.

 

Cancellation of settlement

On the partner, you will find the 'Details' box, select the 'Postings' tab here.

If the entry has been settled without partial settlements, there will be a 'Show' button next to the entry. Press this to see the settlements. In the next screen, press the menu (three dots) and select 'Cancel Settlement.'

 

 

Cancellation of partial settlement

If the entry has been partially settled, there will not be a 'Show' button. In this case, open the menu for the entry (three lines) and select 'Cancel Partial Settlements.' All involved settlements on this entry will now be canceled, and you can start the settlement again.

---

---