AR-AP Contra Settlements

AR-AP Contra Settlements for Sage 300 ERP (Accpac) allows the settlement of open Receivable documents with open Payable documents, or vice versa.  This is useful when the same company is defined as an A/R Customer as well as an A/P Vendor in Sage 300 ERP (Accpac).

Transaction Entry

AR-AP Contra Settlements handles the functionality mentioned above, based on user-defined Settlement Groups. It helps you to offset open customer and vendor documents within a group easily.  As a result, you may pay or receive only the balance amount after the settlement.

Multiple companies from both A/R and A/P modules, having different currencies, can be included in the same Settlement Group.

AR-AP Contra Settlements for Sage 300 ERP (Accpac) optionally allows One Sided Settlements when you settle open documents in Receivables against each other or open documents in Payables against each other.

In addition to the above, while making a vendor payment, you will know the amount that you owe the payee.  Similarly, while receiving a customer receipt, you will know how much he owes you.

Supports Sage 300 ERP 5.6 and above.

Call us at +65 6334 0388 for more information.