Edit

Settle customer consolidated invoices by using a payment journal

  • Article

In Japan, payments are made and settled against consolidated invoices.

This procedure walks you through settling a consolidated invoice using a payment journal and payment proposal feature.

Before you complete this procedure, be sure that you have a consolidated invoice created and confirmed.

This procedure was created using the demo data company JPMF.

  1. Go to Accounts receivable > Periodic tasks > Consolidated invoice.
  2. Note the value in the Consolidation ID field to reference later
    • You can use JPMF-000002 from the demo data company JPMF.
  3. Go to Accounts receivable > Payments > Payment journal.
  4. Click New.
  5. In the Name field, type a value.
  6. Click Lines.
  7. Click Payment proposal.
  8. Click Create payment proposal.
  9. Expand the Advanced parameters section.
  10. In the Consolidation ID field, type a value.
    • You can use the value noted previously on the Consolidated invoice page.
  11. Click OK.
  12. Click Create payments.
    • Confirm the payment line is generated based on the proposal. Provide a Date for posting.
    • When there are multiple invoices tied on one consolidated invoice, there may be multiple lines on the payment journal been generated.
  13. Click Post.
  14. Go to Accounts receivable > Periodic tasks > Consolidated invoice.
    • Confirm that the status of the consolidated invoice has been updated to be Settled.