AR-AP Settlements

AR-AP Settlement for Sage ERP Accpac allows the settlement of receivable transactions with payable transactions, or vice versa. This is useful when the same company in Sage ERP Accpac is defined as an AR Customer, as well as an AP Vendor. While making a vendor payment, AR-AP Settlements will let you know the amount that payee owes you. Similarly, while making a customer receipt, you will know how much you owe that payer.

Functional Features:

  • Settles outstanding transactions from AR and AP.
  • Settles AR Customers and AP Vendors in multiple currencies.
  • Allows distribution of settlement amount over multiple documents.
  • Keeps complete audit log of settlements.
  • Settlements are posted to AR and AP as Adjustments.
  • Settlements List is printed and verified prior to posting.
  • Supports flexible Settlement Groups.