Understanding the calculation of due dates
Payment terms provide precise control over third-party payments. For this, their configuration allows you to adapt the payment due dates to your cash flow constraints…
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Creating terms for payment in two instalments
The application comes with several payment terms that you can use to create your own. Settings > Third party – Payment terms…
Generating the aging balance
To verify open customer and supplier accounts, you can generate the aging balance. Reports and exports > Third-party reports – Aging balance…
Temporarily deactivating a journal
If you no longer wish to use a journal that already contains entries from previous fiscal years, you can deactivate it. With this feature, you deactivate the journal and make it invisible in entries. It no longer appears in the list of available journals. You can reactivate this journal at any time.
Reversing a journal entry
The reversal of accounting entries allows you to post an entry in the opposite direction of the original entry.
Deleting an account
When you create an account, this account can be deleted in case of error. On the other hand, an account already used for entering entries for a closed financial year can no longer be deleted. In this case, it is possible to deactivate the account. This action makes the account invisible in the selection of accounts and restricts its use for entries.
Temporarily disabling or re-enabling an account
An account on which entries have already been entered during previous fiscal years cannot be deleted. However, you can deactivate it in order to block its use during entries. You disable accounts from the Chart of Accounts settings. You reactivate them later if necessary.
Adding payment terms to third parties
When dealing with customers and suppliers, you will have negotiated different payment terms with some or maybe most of them. You can link predefined or custom payment terms to your customers and suppliers: directly in the third party information; as reusable payment terms for other third parties. In this case, you attach these payment terms …
Automating the payment terms
When handling the reception of payments from your customers or when paying your own suppliers, you will need to set different terms and conditions for these payments. The payment terms make it possible to record all necessary the payment conditionsand to link them to third parties in order to automate the entry of payments.
Recalculating a VAT return
If you haven’t submitted your VAT return yet, you can recalculate it to take into account changes that were made after the creation of the VAT return (like new journal entries, for example). The VAT return can only be recalculated when it has the status Ready. To recalculate the VAT return: Access the Tax forms. …
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