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.