You can perform periodic settlement of counteragent transactions by using the Periodic settlementform if the Settlementcheck box is selected in the Customer posting profilesform.

  1. Click Accounts receivable> Setup> Posting profiles.

  2. Create a customer profile, or select an existing customer profile.

    Note Note

    For more information, see "Customer posting profile (form)" in the Applications and Business Processes Help.


  3. On the Table restrictionstab, select the Settlementcheck box to enable automatic settlement of sales transactions.

    Note Note

    All vouchers with the selected profile will undergo periodic settlement if the Settlementparameter is activated.


  4. Press CTRL+S or close the form.

  5. Click Accounts receivable> Periodic> Settlement> Periodic settlement.

  6. In the Settle byfield, select Contract.

    Note Note

    Periodic settlement is based on the first in, first out (FIFO) principle, in which the first invoice is settled with the first payment, if the registration numbers of the contracts in the settlement vouchers are concurrent. Also, any transactions that do not have a registration number and that do not belong to a contracts group are settled automatically by FIFO.


  7. In the From datefield, select the starting date for the settlement period.

  8. In the To datefield, select the ending date for the settlement period.

  9. In the Customer accountfield, select the customer account.

  10. In the Contracts groupfield, select the contract group.

  11. In the DVRfield, select the contract registration number. The contract number is displayed in the Contract No.field.

  12. Click Date principleto open the Specification on settlementform.

  13. In the Settlement posting datefield, select the posting date from the following options:

    • Latest date– Settlement of the exchange adjustment transaction is performed on the last date of the transaction settlement. This option is selected by default.

    • Today's date– Settlement is performed on the current date

    • Selected date– Settlement is performed on the date that is specified in the Selected datefield.

  14. In the Selected datefield, select the posting date.

    Note Note

    If you select Selected datein the Settlement posting datefield, the date that you select in the Selected datefield will be displayed in the Selected date of settlementfield in the Periodic settlementform.


  15. Click OK.

  16. Click Selectto specify the criteria for customer transactions.

  17. Click OKto perform the settlement.

  18. Click Accounts receivable> Periodic> Settlement> Periodic reverseto reverse a settlement.

  19. In the From datefield, select the starting date for the settlement period.

  20. In the To datefield, select the ending date for the settlement period.

  21. In the Customer accountfield, select the customer account.

  22. In the Contracts groupfield, select the contract group.

  23. In the DVRfield, select the contract registration number. The contract number is displayed in the Contract No.field.

  24. Click OKto reverse the settlement.

    Note Note

    Periodic settlement and reverse vouchers are completed only for transactions with a corresponding currency code.


See Also