Close an LSV Collection

You must close Lastschrift Verfahren (LSV+) collections to write LSV files that can be sent to the bank for payment collection. When you close a collection, the collection is complete, and the postings in the LSV journal are combined.

When the collection is complete, the current collection number is assigned in the LSV journal, based on the last collection. This LSV number is transferred to the customer entries for all outstanding invoices. The collection file can be reconstructed at any time using the LSV number. The On Hold field is also populated with LSV in the customer entries to avoid the duplication of open entries. For more information, see the LSV Journal table and the Cust. Ledger Entry table. You can also reopen a closed collection.

To close an LSV collection

  1. Choose the Search for Page or Report icon, enter LSV Journal List, and then choose the related link.

  2. Select the required journal line, and then choose the Modify Posting Date action. This will modify the value in the Credit Date field by using the value suggested during the LSV collection.

  3. In the New Date field, enter the new date.

  4. Choose the Close Collection action.

    Note

    The fields on the Options FastTab for the LSV Close Collection batch job cannot be modified, and correspond to the selected journal line.

  5. Choose the OK button.

    On the LSV Journal List page, the value in the LSV Status field is changed from Edit to Released. The journal lines can no longer be modified.

To reopen an LSV collection

  1. Choose the Search for Page or Report icon, enter LSV Journal List, and then choose the related link.

  2. Select the required journal line for which you want to reopen the collection, on then choose the Reopen Collection action.

    Note

    You can only reopen the collection if you have not yet submitted the LSV+ file to the bank.

  3. Choose the Yes button to confirm the reopening of the collection.

See Also

Swiss Electronic Payments Using LSV+
Process an LSV Collection
Post LSV+ Payments
Export Payments Using LSV