1. Click Accounts payable> Common Forms> Advance holders.

2. Select the advance holder to settle the open transactions.

3. Click Functions, and select Open transaction editingto open the Open-transaction editing in several currenciesform.

   The upper pane displays debit transactions for an advance holder, while the lower pane displays the credit transactions.

4. Select the Markcheck box to select the transactions to be settled in the upper and lower panes. The Balancefield displays the balances after the transactions are settled.

5. Click Updateto complete the settlement.

6. Press CTRL+S or close the Open-transaction editing in several currenciesform.

7. In the Advance holdersform, click Settlement. The completed settlements can be analyzed in the Transactions settlementform.

   If exchange adjustments occur when settling advance holder transactions, exchange adjustment transactions are generated as a result of the settlement. The exchange rate adjustment will be displayed in the Exchange adjustment amountfield in the Transaction settlementsform.

8. Press CTRL+S or close the Advance holdersform.

When you use the periodic settlement function, all open transactions are settled in chronological order.

1. Click Accounts payable> Periodic> Advance holders> Periodic settlement.

2. In the Date of transactionfield, select the date for the transaction. All transactions posted before this date will be settled.

3. Select the Settlement by profilecheck box to settle transactions with identical posting profiles.

4. Click Selectfor a supplementary request setup to search for transactions for settlement.

5. Click OKto execute the settlement.

6. Click OK.

Canceling the periodic settlement