Clearing Balances on Creditor Accounts

Modified on Tue, 30 Jan 2024 at 10:00 AM

TABLE OF CONTENTS


Introduction

Facility:  AP_T_010

Menu:  Suppliers and Purchases   Processing   Allocations


This function is used to 'clear' minor balances on Creditor (Supplier) accounts. There is a simple way to do this in Experience as explained below. 


How to clear small pending amounts

Follow this procedure to clear minor balances

  • Open the Supplier Allocation Function
  • Select the Supplier to update
  • Enter * in the Currency field and the system will load all pending transactions.
  • Tick the transaction to clear and click on the green Confirm button.


Note:  The user must have access to the Multi Currency Allocations from: System Settings → Processing → Usernames → Company Access tab



The cleared amounts will be posted to the respective Currency Differences Control Account set under Company Controls.


   

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article