Common Elements Used to Manage Bilateral Netting
Field or Control |
Description |
---|---|
Apply Discount to Transactions |
Select to indicate that the system should consider the discount from the payment terms when calculating netted amounts. . |
Closing Method |
Select Partial, the delivered default value. |
Contact |
Specify the financial contacts for a netting relationship. |
Contract ID |
Enter the netting contract identification number. |
Customer ID |
Enter the unique identifier code for a customer. |
Discount Available Amount |
Displays the amount of discount that is available for payable vouchers and receivable items. This value is calculated when the Apply Discount to Transactions option is selected. |
GL Unit |
Enter the General Ledger business unit. |
Netting Rule ID |
Enter the netting rule identification code. |
Participant ID |
Enter the netting participant identification code. |
Payable Discount Available |
Displays the amount of discount that is available for payable vouchers. This value is calculated when the Apply Discount to Transactions option is selected. |
Receivable Discount Available |
Displays the amount of discount that is available for receivable items. This value is calculated when the Apply Discount to Transactions option is selected. |
Remit Vendor |
Enter the vendor payee. |
Schedule SetID |
Select the correct SetID to establish the interval when the netting executes. |
Settlement Date |
Specify the actual date of the settlement payment. |
Vendor ID |
Enter a unique identifier code for a vendor. |