Corporate netting
New netting functionality is now introduced. Netting is used between divisions in a group to minimize the number of payment transactions between internal divisions, and optimize currency variances.
(APS330):
- Split VAT payments processing and payment proposal validation of e-Register of VAT suppliers
- Prepayments processing
- Netting to Accounts Payable records
- Recurring payments
- Market-specific functionalities
- Draft payments processing
- Withholding tax processing
(APS130):
- Withholding tax processing
- Prepayments processing
- Netting to Accounts Receivable records
- Recurring payments
- Market-specific functionalities
(APS330) and (APS130):
- Invoices with corporate netting payment methods can be manually paid in AP and AR, they are not stopped for payment in: 'Suppl Payment. Enter Manual' (APS120), 'Check. Print Single' (APS147), 'Journal Entry & Payment. Open' (GLS110), 'Payment Document. Enter' (ARS105), 'Payment Received. Record' (ARS110), 'Batch Payment. Update' (ARS040), 'Bank Statement. Open' (ABS100).
CreditTransfer BOD:
- The CreditTransfer BOD is not created, BOD processing is aborted, for payment proposals for 'Corporate netting'.