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My client is currently using receivable for invoice processing in GP 10, but recently expressed an interest in setting up SOP to integration with Encore subscription billing. Please what is the recommended process of transition from receivable to SOP?
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Thank you all very much Gentlemen!!!
I think Harry meant to say in Receivables; you'd credit them in the same module they were entered.
You would only need to do this if there is a material benefit to having the outstanding transactions in SOP.
Can you please elaborate a little bit more on why you recommend to apply the credit memos in invoicing. Do you mean doing this in the invoicing module "Invoice Entry" the only 2 document types is invoice and return.
Hi Cynthia,
My suggestion would be freeze all receivables after the month end and do a reconciliation between AR with GL and start the SOP from the next month. In this way you have clarity over when the SOP started and when did you end the receivable transaction in future.
Customer is currently entering transactions in Receivables when is it a good time to stop entering invoice transactions and transition to SOP. Please what is the recommended process of transition from receivable to SOP?
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