Unify Chart Settlement For Free

In Accounts payable and Accounts receivable, settlement can occur between any transaction types that affect the vendor balance or customer balance. These transaction types can include invoices, payments, credit memos, and fees. Any transaction type can be settled against any other transaction type.

To enable this feature, go to the home screen, then select Feature management, look for Add a date filter when viewing unsettled ledger transactions, and click the [Enable now] button. When you enable this feature, a new button ? [Show unsettled transactions] becomes available.

If payments are created manually, you can use the Settle transactions page to select invoices for settlement. You can manually select the invoices, or you can use the Mark by priority option to have invoices automatically marked for settlement. The Mark by priority option is available only for Accounts receivable.

If payments are created manually, you can use the Settle transactions page to select invoices for settlement. You can manually select the invoices, or you can use the Mark by priority option to have invoices automatically marked for settlement. The Mark by priority option is available only for Accounts receivable.

Ledger calendar is derived from fiscal calendar only . You can not create ledger calendar directly. Once the fiscal calendar is mapped to ledger setup of any legal entity then it becomes the ledger calendar. Which means now that legal entity will use that fiscal calendar for ledger posting.

In this article You can enable the Automate ledger settlements process feature only if the Awareness between ledger settlement and year-end close feature has been enabled. Ledger settlement is the process of matching debit and credit transactions in the general ledger.

Go to General ledger > Ledger setup > General ledger parameters. On the Ledger settlements tab, select the charts of accounts that you want to select the main accounts from. Select the main accounts to do ledger settlement for.

The general ledger is a register of debit and credit entries. These entries are classified using the accounts that are listed in a chart of accounts. Plan your chart of accounts. Main account types.