A/P Payment to A/R Receipt
To create an A/R receipt when A/P Payments are entered, select the A/P Payment to A/R Receipt option and enter the A/R Receipt Bank Code to use for the partner relationships setup in the AP/AR Trade Setup.
See "AP/AR Trade Setup - Partner Mapping"
Warning! If the Bank Code has not been entered, then Inter-Entity Trade will not process any Payments to Receipts for this Vendor/Customer relationship.
How does it work?
IET AP/AR Trade Payment Receipting will handle the following types of documents:
A/P Payment types:
• Payment
• Prepayment
A/R Receipt types:
• Receipt
• Unapplied Cash.
Rules to apply documents
If all of the invoices in the A/P Payment can be found in either the AP/AR Trade or OE/PO Trade tables, Inter-Entity Trade creates an A/R Receipt applied to the A/R Invoices.
| A/P Payment Type | Condition | A/R Receipt Type |
| Payment | If all of the invoices in the A/P Payment can be found in either the AP/AR Trade or OE/PO Trade tables | A/R Receipt Type is set to "Receipt" and Apply the payment amount as a receipt amount to the sales invoice. IET Trade will create applied Receipts whether the AR Invoice was created by IET Trade (AP->AR) or the AP Invoice was created by IET Trade (AR->AP) |
| Payment | If any invoice cannot be found as having been processed through AP/AR Trade or OE/PO Trade | Create the A/R Receipt type as “Unapplied Cash” |
| Prepayment | Unapplied Cash |
In all cases, the A/P payment amount is the A/R Receipt amount.
If using multi-currency, the exchange rate will be setup as per the Trade options.
