AP & AR Netting Off - Through Contra Charging (Important Note: Contra charging will not allow more than

one adjustment in a particular date for the same customer.)

In AP Responsibility Select the Contra Charging

Select the Customer & Supplier along with the respective Site. To net the transaction.

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After Selection the Customer & Supplier, Click <Calculate Balance>.

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1. 2. 3. 4. 5.

Enter the Amount needs to be adjusted against the Purchase Invoice. Enter the document Number Some numbers. Enter the descriptions Select the Transaction Type "Contra AP & AR". Enter the Receipt Date.

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Click The "Submit Contra.

Now select invoices-entry-open interface Invoices Query on invoice no. Con%, u will see your entry by matching the amount (scroll on right)

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Now click on lines Slide on right and see the field tax code, it will show Contra. Delete this data from tax code field and save the entry. In Payables, in order to move the credit memo . Run the below concurrent request. Payable Open Interface Import

In Source select "Contra" & in Purge say "Yes. Click OK to run the request.

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Open the output of the request and copy the invoice number generated by the system.

Query the same in the Invoice Workbench.

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Do validation & Credit accounting for the credit memo generated in order to book the accounts.

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In Receivables Run the Auto Invoice Program inorder import the credit memo generated from the Contra charging.

Run the Auto Invoice Master Program

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1. Select the Invoice source as "Contra" 2. Enter the Default date = "Receipt Date". Click Ok to run the request. Once this is done, system creates a Credit memo for the customer.. Kindly make sure, while making neither any payments nor the receipts this contra adjustment credit memo should be selected in order to close this transactions.

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