1. Accounts Receivable Implementation Guide
  2. Entering AR Netting Transactions

Entering AR Netting Transactions

Access the AR Netting Entry form.

To enter AR netting transactions:

  1. Complete the Currency Code field.

  2. (Optional) Complete the Netting G/L Date and Netting Due Date fields.

  3. (Optional) Complete the Customer/Supplier, Company, G/L Date and Due Date fields to narrow the selection criteria that the system uses to display transactions.

  4. Click Find.

    The system displays all open transactions that meet the selection criteria and that contain a 1 in the Netting Status field.

  5. Select transactions on the A/P tab that you want to reclassify to Accounts Receivable and then click Select/Deselect.

    A check mark displays next to the selected transactions to indicate that the system reclassifies the transactions to Accounts Receivable. Click Select/Deselect again to toggle the selection for a transaction.

    The system also displays the amount of the selected transactions in the A/P Total column in the header area of the AR Netting Entry form and the number of documents that you select in the Number Selected field below the detail area.

  6. (Optional) To verify the net result of reclassifying the selected accounts payable transactions with specific transactions in accounts receivable, click the A/R tab and select the transactions with which you want to verify the netting result, then click Select/Deselect.

    The system displays a check mark next to the selected transactions and displays the amount of transactions that you select in the A/R Total column in the header area of the AR Netting Entry form.

  7. Click OK.

    The system displays the Work with Netting Inquiry form. To continue adding netting transactions to the same transfer and result document batch numbers, click Add and then follow the steps to enter AR netting transactions.

    Note: The transfer and result batches remain at an In Use status until you exit the Manual Netting program. To post transfer and result batches, you must exit the Manual Netting program so that the system updates the batch status to Approved or Pending, depending on whether you require manager approval of input in Accounts Payable and Accounts Receivable.