We are not Not able to settle Vendor Transaction. No error message as such. But when we trying to settle 2 transactions and clicking on "update" button. Then nothing is happening.
Please help.
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Hi Anubha Gaur,
The balance does not necessarily have to be 0.00. Settling a more than one year old transaction sounds, however a bit strange. Why is the transaction so Long open? Haven't there been any other transactions in between? What did you do at the last year end with those open position(s)?
Best regards,
Ludwig
Hi Ludwig,
Just wanted to confirm whenever we are settling any 2 transactions then is it mandatory that the balance amount should be zero.
Also i noticed that the transactions which we want to settle is having 1 year difference. I am attaching one more screenshot. Can you please help me know where we are going wrong. Check the first screenshot.
Hi Oleg,
Just wanted to confirm whenever we are settling any 2 transactions then is it mandatory that the balance amount should be zero.
Also i noticed that the transactions which we want to settle is having 1 year difference. I am attaching one more screenshot. Can you please help me know where we are going wrong. Check the first screenshot.
Hi Anubha,
Go to General Ledger - Journals - General Journal
Create a new journal and click on Lines
Insert transactions which you want to settle. And make an ofsett posting to the vendor for the total amount of those to transactions. Make sure the journal is in balance.
If you need further assistance let me know.
Best regards,
Hi,
Thanks a lot . But I am not knowing how to do memo posting. Could you please help.
You can't settle 2 debit transactions to each other. What you could do is settle both to a memo posting en create a new line. But I'm not sure of what the possible tax consequences are or company reporting.
I understand that you want to make it one transaction but what is the reason?
Best regards,
Oleg
Hi Oleg,
We want to club(add) the amount and make it as one transaction.
Please help me know if its a mandatory a condition that the transactions which needs to be settle in that one should be credit and other should be debit.
Can't we settle 2 debit transactions ?
Hello Anubha, why would you settel the 1st and 4th line. Both are debit. What is the purpose of this settlement? Do you want to make the amount on the first line larger?
Hi Ludwig,
We still not able to settle those transaction (1st and 4th Line).. I noticed one thing in 1st line that Invoice number is missing.Can it be the reason.
Regards
Anubha
both are debit .
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