ES A/P Issue

[dgillz]

I have an ES customer that was just purchased by another company. The parent company is doing all cash disbursements. So we need to deplete their payables not in the ordinary manner – Dr A/P and Cr Cash – but instead we need to credit an intercompany account.

So far about the only thing I can think of is to setup the intercompany account as a bank account, actually select invoices for payment, and print the checks to file or to white paper. This is unattractive on a number of levels.

So I am actively soliciting ideas. If anyone has done something like this please let me know.


Software Sales, Training, Implementation and Support for Macola, eSynergy, and Crystal Reports

http://www.gainfocus.biz

"If you have a big enough dictionary, just about everything is a word"
--Dave Barry

 

[crystalreporting]

Enter payments through Cashflow?

A negative entry through Cashflow is a payment with the accounts being a debit to AP and a credit to the bank GL account associated with the cash account.

To hit an intercompany account instead, you would need to create an 'intercompany' cash account and this would need to be tied to a GL account marked as a bank.

You can match payments to invoices from within the Cashflow entry function as well.

If you need to use the check printing function in order to pay oldest invoices first (for example) then you could change the vendors payment method so that a printed check is not produced.

Peter Shirley

http://www.srhconsulting.com

 

[dgillz]

Actually, with a little bit (OK, a lot) of back and forth with Exact tech support, we are going to import these transactions en masse from System->Utilities->XML Server.

Very cool and a minimum of problems so far. But stay tuned.

Software Sales, Training, Implementation and Support for Macola, eSynergy, and Crystal Reports

http://www.gainfocus.biz

"If you have a big enough dictionary, just about everything is a word"
--Dave Barry