Intermediate steps in payment and receipt methodsA payment can go through several stages before the total procedure is completed. Payment steps
The Document Paid step is mandatory and is always carried out. Only if a payment must get the Anticipated status, one or both of these actions are taken. In practice, the Document Received step is only used for posting trade notes and similar documents. The Document Accepted/Sent step is used for most of the other ways of payment, such as checks, bank orders, and so on. Receipt steps For receipts, these steps are available:
The Document Paid step is mandatory and is always carried out. Trade notes steps For trade notes, many intermediate steps are available. Select the steps for the trade note statuses that you want to control. For example, in addition to the steps for payments and receipts, you can select:
If you select intermediate steps, LN generates anticipated payments or anticipated receipts or you can create these manually. For some intermediate steps, you must change the status manually by using these sessions:
If you do not select intermediate steps, LN immediately posts the payment amount or the receipt amount to the control accounts in Accounts Receivable or Accounts Payable. You do not need to carry out a reconciliation for these payments. Prerequisites for financial postings For every step that requires financial postings, LN posts the amounts to these ledger accounts and dimensions:
LN creates financial postings for these transactions:
| |||