anurag.thakur
28th August 2006, 14:56
Hi All,
This issue is related with the Composed Payment.
User has done the composed payment for the period 8 and maintained the entries in period 12 (by mistake) & finalized the batch.
Now the Invoices generated in the Preiod 8 are open but actually they have been fully paid in the period 12.
Now user wanted to rectify this problem.
I have suggested the best possible solution according to me was
1> To reverse the payment already processed in P12:
Prepare a cash transaction using the transaction type X (for the cash) and transaction type journal. Here, Debit cash and credit any "intermediate" account. This will mean that the wrong credit to cash in P12 is reversed.
2> To make the payment in P8:
Prepare a purchase invoice using the transaction type Y (miscellaneous purchase invoice). Debit the "intermediate" account and credit accounts payable (automatically done by baan).
Process the payment of this invoice like the user has done the original invoice. Process the invoice in P8. This will ensure that the cash balance is shown correctly
Implications:
The implications of these entries is as follows:
1) Accounts payable will show an incorrect balance from P8 to P12.
2)Intermediate account will have a balance from P8 to P12.
3)The invoice will also be shown in the ageing reports from P8 to P12
Kindly give your suggestions ASAP.
Thanks in advance...........
This issue is related with the Composed Payment.
User has done the composed payment for the period 8 and maintained the entries in period 12 (by mistake) & finalized the batch.
Now the Invoices generated in the Preiod 8 are open but actually they have been fully paid in the period 12.
Now user wanted to rectify this problem.
I have suggested the best possible solution according to me was
1> To reverse the payment already processed in P12:
Prepare a cash transaction using the transaction type X (for the cash) and transaction type journal. Here, Debit cash and credit any "intermediate" account. This will mean that the wrong credit to cash in P12 is reversed.
2> To make the payment in P8:
Prepare a purchase invoice using the transaction type Y (miscellaneous purchase invoice). Debit the "intermediate" account and credit accounts payable (automatically done by baan).
Process the payment of this invoice like the user has done the original invoice. Process the invoice in P8. This will ensure that the cash balance is shown correctly
Implications:
The implications of these entries is as follows:
1) Accounts payable will show an incorrect balance from P8 to P12.
2)Intermediate account will have a balance from P8 to P12.
3)The invoice will also be shown in the ageing reports from P8 to P12
Kindly give your suggestions ASAP.
Thanks in advance...........