Hi Everyone, Is anyone using Customer/Vendor consolidations to net AP and AR invoices? I am having trouble understanding the logic behind this feature of GP. It seems that the credit memos that are created in both Modules are actually hitting the Customer and Vendor cards and netting so that when you look at customer and vendor period and YTD numbers they are skewed by the CM transactions. I was having a nard time balancing Sales last month and it turns out it was the 2 CM transactions I did through Customer/Vendor Consolidations. They hit a clearing account but were treated as a true sales CM transaction and not misc CM transaction. Therefore, my Revenue in the GL did not tie to the period sales report.
Any thoughts on why this logic was built in to this? If someone could explain the logic behind this module, I would appreciate it.
We have one customer that wants to do this netting monthly so I need to figure out a workable solution.
Thanks so much!
Heather Upton Accounting Supervisor Midland Information Resources Davenport IA 563-359-3696 X7754