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TOPIC: AP AR Netting bank account question
#2055
dave (User)
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AP AR Netting bank account question 12 Years, 7 Months ago  
Hi
i just wanted to confirm for Netting purposei cannot use my existing bank account just by enabling netting feature on it

Because it has a real cash account.

A dummy bank account has to be created -- with Netting Control GL Account in the CAsh Filed.

Please confirm if i am correct

Thanks
 
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#2065
handsonerp (Admin)
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Re:AP AR Netting bank account question 12 Years, 7 Months ago  
You cannot use your regular bank account for netting purpose simply by enabling the netting feature.
You are right, its Cash field is pointing to the real GL cash account.
That is why a special (dummy) bank account is created for netting purpose.
The netting feature should only be enabled for your Netting Bank Account.
In the Cash field you specify the "Netting Control Account" GL account (instead of cash) which you need you create first.
Then you assign this Netting Bank Account to AP AR Netting Receipt method which comes seeded with the system.
This completes the chain.
 
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Last Edit: 2011/08/08 13:36 By handsonerp.
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