Creating settlements

  1. Select Settlements > Unreleased.
  2. Click Create.
  3. Specify this information to create the payment header
    Settlement ID
    Specify a settlement ID, for example a wire transfer number.
    Payment Date
    Select a payment date.
  4. In the Payable section, specify this information:
    Payment Amount
    Specify the amount of the transaction.
    Company
    Select a company.
    Cash Code
    Select a cash code. The bank account number is displayed.
    Bank Transaction Code
    Select a bank code transaction.
    Currency Table
    Select a currency table.
    Exchange Rate
    Select the exchange rate.
  5. In the Receivable section, specify this information:
    Company
    Select a company.
    Cash Code
    Select a cash code. The bank account number is displayed.
    Bank Transaction Code
    Specify the bank transaction code.
    Currency Table
    Select a currency.
    Exchange Rate
    Select the exchange rate.
  6. Click Save.
  7. On the Details tab, select the Helper List icon to select the invoices that are available for settlement..
  8. On the Bank Fees tab, you can specify the fees that are involved in this settlement for the payables and receivables side of the transaction. Click Create, specify this information, and click Save:
    Description
    Provide a description for the fee.
    Amount
    Specify the amount of the fee.
  9. Click Actions > Release.
  10. Click the View Payments link to view the Payables payment and the Receivables receipts.