AR/AP Settlements

There are various ways to settle a transaction.

In this article, you may find the ways to settle transactions.

1. Auto Settle: On AP/AR parameters you select the auto settle for system to auto settle debit transactions with credit. That is not the only parameter to be selected. Also you need to be sure that on posting profiles , auto settle is being selected. 

2.Manual Settle: You can settle and unsettle transactions via open and settled transactions.

3.Settle via Payment Journals: You can use payment journals and select the transactions to be settled via journal lines.

4.Settle via Payment Proposals (The one I like the best :)): You can use the payment proposals, in which had a separate blog on the parameters to be selected via generation of the payment proposal. When payment proposal is generated, system auto selects the transactions to be settled.

Hint: You can always use auto settle with other options. For example you may activate auto settlement and settle via payment proposals. In this case, system will settle when you use the payment proposal and for the other being settled auto.

Note: If a transaction is not being settled auto , check the parameter on the posting profiles if that posting profile is selected as not to auto settled. This is generally used for advance payment type of posting profiles to be managed in user control.