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Syteline multi-site supports centralized AR payment process. Here are the basic set-up steps 1. Site Groups Create a site group that contains all sites that will be sharing cross-site A/R Payments NOTE: All sites within the group must have the same domestic currency 2. Replication Rules Set up Replication Rule for category A/R for each […]
Let say you have an AR payment applied to an incorrect invoice. And you need to remove the payment from incorrect invoice and apply it to a different invoice. If you do not need to change the check number, then you can update the applied to invoice number in the AR Posted transaction Detail form. […]
With various reason, such as foreign currency conversion, you may see small outstanding balance resident in AR for some customer account, and the customer truly didn’t owe that money. One option is to write off small outstanding balances (either positive or negative) to either Discounts Allowed or Allowances. To do this, you will need to […]
When doing an AR payment posting, if there are multiple payments from same customer or differ customers, the cash account entry will be consolidated into single one. So in Bank Reconciliation, there will be single total line cash record, instead of check by check. For example, 1. Create Payment Customer 1 : Cheque Amount = […]
Parameters can be setup on the Accounts Receivable Parameters form. A Returned Check Fee amount can be entered there. They can also designate to create Debit Memo for the customer for the returned check amount, plus returned check fee amount. In order to create a Debit Memo to send to the customer when a check […]
General Concept: Customer amounts will be stored in the customer’s currency. This effects CO, Estimating, and AR. Vendor amounts will be stored in the vendor’s currency. This effects PO and AP. Cash accounts in Bank Reconciliation may be stated in non-domestic currencies. When receiving customer payments or making vendor payments we may specify the payment […]
A refund check has been received from a vendor and you need to enter it into SyteLine, the following are the steps that you should take to complete this process: 1) Go to Customer Maintenance and add a new customer record with the Vendor’s information. 2) In AP, you currently have a voucher and a […]
Open Credits and Debits Any credit memo created in SyteLine from a credit return or price adjustment invoice will automatically be created as an open credit. Debit memos created by price adjustment will also be open. Only when creating a credit or debit through AR you are given the opportunity to dictate which posted invoice […]
If you will be dealing with customers or vendors who use currencies other than your base (domestic) currency, use the following process to set up exchange rates and other multi-currency features. Make sure the general ledger accounts specific to currency exchange are set up in the Chart of Accounts: Realized Gain Realized Loss Unrealized Gain […]