Offset

On the Accounts Payable Parameters form, specify the default account to be used for offsetting AP and AR transactions. This account is used by default on the AR/AP Payment Offset form.

On the A/R Payments, A/R Payment Distributions, A/P Payments, and A/P Payment Distributions forms, this field is a read-only check box. It indicates whether the payment is an offset payment, generated from the AR/AP Payment Offset form.

If a payment record that is set as offset is deleted, then all AR payment, AR payment distribution, AP payment, and AP payment distribution records for the vendor/customer are deleted to ensure the offset amounts remain balanced.

Note: Offset payment distributions cannot be deleted using the A/R Payment Distributions or A/P Payment Distributions form; however, these distributions are deleted when payments are posted or if you manually delete the payments using the A/R Payments or A/P Payments form.

On the AR/AP Payment Offset form, this field appears in two places; once in each grid. The field displays the amount that can be offset either for the voucher or the invoice, depending on the grid.