Netting Statement
After you save the netting workbench, the Netting Statement page appears. It contains the same information from the netting workbench, and two additional subtabs. The netting statement displays the Netting Settlements and System Notes subtabs next to the Main and Exchange Rate subtabs.
If you specified a corporate exchange rate as an intercompany preference, additional information appears on the Exchange Rate subtab. This preference requires the Currency Exchange Rate Types feature. For more information, see Defining Intercompany Preferences and Currency Exchange Rate Types.
Nettable transactions appear in the exchange rate for the subsidiary’s base currency. Any transaction where the base currency was changed from the default displays the updated exchange rate. The Netting Settlements subtab provides links to the Netting Settlements. View the GL Impact subtab on the a Netting Settlement to see the settlement amount, based on the modified exchange rate.
The Netting Settlements subtab provides the names of the subsidiaries associated with the netting statement. It also provides the account type, document number, and whether the transaction is a posting transaction. The document number links open the respective Netting Settlement page. See Netting Settlement.
You can delete the netting statement, if required. The accounting period must be open to delete the netting statement.
You can approve the netting statement if you have appropriate permissions.