Settle vendor consolidated invoices by using settle transactions (Japan)

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

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

This procedure walks you through settling a consolidated invoice using settle transactions.

You need to make sure that a consolidated invoice is created and confirmed, and a payment is posted before running this procedure.

This procedure was created using the demo data company JPMF.

Confirm Consolidation invoice to be settled

  1. Go to Accounts payable > Periodic tasks > Consolidated invoice.
  2. Note the value in the Consolidation ID field to reference later
    • Confirm that the consolidated invoice to settle has a status of Confirmed. In this example: Consolidation ID - JPMF-000004

Settle Consolidation invoice

  1. Go to Accounts payable > Vendors > All vendors.
  2. In the list, find and select the desired record.
    • Select the vendor that you want to settle the consolidated invoice for. In this example, we use JPMF-000002.
  3. On the Action Pane, click Invoice.
  4. Click Settle transactions.
  5. In the list, find and select the desired record.
    • Select the record with Consolidation ID = JPMF-000004.
  6. Select or clear the Mark check box.
    • Mark the Invoice.
  7. In the list, find and select the desired record.
    • Select the payment transaction, valued more than the Invoice amount.
  8. Select or clear the Mark check box.
    • Mark the payment transaction.
  9. Click Post.

Validate Consolidation invoice status to Settled

  1. Go to Accounts payable > Periodic tasks > Consolidated invoice.
    • Confirm that the status of the consolidated invoice is now "Settled".