SYSTRONICS AR-AP Settlements 2018

We are pleased to announce the launch of the new 2018 version of SYSTRONICS AR-AP Settlements™ for Sage 300 2018.  Starting from this version, we discontinue support for the Sage Portal and for Web Deployment. Version 2018 onwards, SYSTRONICS AR-AP Settlements™ is available both for desktop and web screens.

Product Overview

AR-AP Settlements for Sage 300 streamlines 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.
While making a vendor payment, AR-AP Settlements will let you know the amount that the payee owes you. Similarly, while making a customer receipt, you will know how much you owe that payer.

Functional Features

• Settles outstanding transactions from A/R and A/P.
• Settles transactions with different source currencies.
• Settlements are posted to A/R and A/P as Adjustments.
• Optionally creates Receipt/Payment for the balance of the settlement group.
• One-to-Many and Many-to-Many Settlements.
• Allows distribution of settlement amount over multiple documents.
• Keeps complete audit log of settlements.
• Automatic Settlements.
• One-Sided Settlements.
• Combined AR-AP Statement and Inquiry.
• Settlements Batch Listing can be printed and verified prior to posting.
• Settlement form.
• Supports flexible Settlement Groups.
• Settles the following document types: Invoice, Debit Note, Credit Note, Receipt, Prepayment and Unapplied Cash.

Web Screen

When you login to Sage 300 in a web browser, AR-AP Settlements web screens are listed together with other Sage 300 modules as shown above.

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