Enhanced Bad Debt Management



Similar documents
Flexible Factoring for Supplier Invoices

GL Journal and AP Invoice Reversal

Retrospective Accounts Receivable & Accounts Payable Statements (DA1244)

Purchase Order Variance Analysis

11.3 Bad Debt Write-off Procedures

BoM and Routes - Supersessions and Alteratives (DA0492)

ES ACCOUNTING QUICK START GUIDE

A/R Journal Entries GAAP. Add Invoice Line. Cancel Line from Invoice Maintenance. Cancel Balance via Write-Off Invoice Balances Routine

Changing from Accrual to Cash Accounting

May 4, Account Receivables Process Walkthrough

11.3 Bad Debts and Write Offs

Receivables Management Year End Closing Checklists Dynamics GP2015

Step 3. Clear Withdrawals, Data Entry Errors, and Bank Errors

How To Use A Bank Service On A Bank System

Sage 300 ERP Bank Services User's Guide

OBIEE Dashboard Reporting Reference Guide

Financial Processing Journal Voucher (JV)

Chapter 18c : AR / AP BAD DEBT RELIEF & BAD DEBT (ENHANCED)

Install the System Manager, following instructions in Chapter 3 of the System Manager Administrator Guide.

Reference Manual Agresso Accounts Payable

Accounts Payable Expense Distribution Tables

Accounting for Bad Debts. Objectives. Doubtful Accounts. Created 2009 By Michael Worthington Elizabeth City State University

Notepads Import File Specification

Write Off, Bad Debt, and Bankruptcy

EnterpriseOne Xe Property Management PeopleBook

Create Company. User Guide

TIPS AND TRICKS for the CORE ACCOUNTING MODULES REMINDER:

MODULE 2: FIXED ASSET TRANSACTIONS. Module Overview. Objectives

Accounts Receivable User Procedures

Getting Started 7. The Customer Ledger 19

FI115 Umoja Accounts Receivable Overview. Umoja Accounts Receivable Overview Version 12 1

Getting started with Sage Accounts The online retailers guide

Data Sheet Starter Pack for Sage 200

How To Perform Fund Accounting On A Fiscal Year 2009

Sage Careline is open between 8am to 8pm, Monday to Friday, excluding public holiday Phone Support Hotline : SAGE (7243)

Accounts Receivable. Chapter

A Closer Look at Manual Invoicing and Manual Cash Receipts

Financial Best Practices and Handy Tools Laura Tidquist Technical Support Manager Association Technology Solutions

Finance process. Taking advantage of R6 Accounts Receivable and Collection Management to maximize revenue and cash flow. R6 Functional Overview

for Sage 100 ERP Bill of Materials Overview Document

Managing Company Credit Cards

Amicus Small Firm Accounting: Frequently Asked Questions

AR Part 1: An Introduction to Accounts Receivable

Click the Entries tab to enter transactions that originated at the bank.

Customer Transaction FBL5N

General Ledger Module

AP and AR Corrections Handout

COUNTY OF HENRICO ACCOUNTS RECEIVABLE POLICY

Microsoft Dynamics GP. Payables Management

Sales Invoicing for Schools and Units. Contents

Invoice Entry. Field Descriptions. A number used to identify the batch. This number must be unique for each user. Batch

February 2010 Version 6.1

Changing from Accrual to Modified Cash Accounting

Quick Guide Bank Charges & Handling NSF Checks

A/P Payment Selection Based on A/R Cash Receipts AP-1108

PARITY SOFTWARE S SAGE ERP X3 CASHBOOK USER MANUAL

Bank Statement Reconciliation

Accounts Receivable in Microsoft Dynamics SL 2011

AP Invoice Processing AP Invoice Entry MUNIS Version 8

Sage 200 v5.10 What s New At a Glance

How To Fix An Out Of Balance General Ledger

Daily Amortization Utility for Service Contracts GL-1060

Work4Me Accounting Simulations. Problem Eleven

Application Programming Interface (API)

Dynamics GP 50 Tips in 50 Minutes

Downloading RIT Account Analysis Reports into Excel

Overview of Procure to Pay

December Camino Ramon, Suite 210 San Ramon, CA Voice: Fax: Website:

Sage 200 Business Intelligence Cubes and Reports

Sage 300 ERP General Ledger User's Guide

The Requirements Compliance Matrix columns are defined as follows:

The Validator GP. User Guide. Reporting-Central

Invu Accounts Payable

Vadim Computer Managment Group LTD. Next Generation Software Bank Reconcilliation

AVATAR Sales Ledger. The Sales Ledger is a multi-company, multi-currency module providing all the features expected of an accounts receivable system.


DBA Financials Conversion Guide

Disaster Recovery Plan Review Checklist. A High-Level Internal Planning Tool to Assist State Agencies with Their Disaster Recovery Plans

We recommend that you create seven binders: one each for each SAGE PRO module you own:

Directions for the AP Invoice Upload Spreadsheet

for Sage 100 ERP Accounts Payable Overview Document

Debt Management & Bad Debt Write- Off Policy

Data Sheet Plus Pack for Sage 200

Changing from Cash to Accrual Accounting

Day to Day Operations Guide

Based on the above and the result of your audit, determine the adjusted balance of following:

Attachment 1. Your Company Name: Fully Compliant Modification/Custom Software Not available Comments

Release 392. Exact Globe Inventory

PORTFOLIO ACCOUNTING SYSTEM

Introduction to Client Online. Factoring Guide

M4 Systems. Batch & Document Management (BDM) Brochure

Master Accounting - GST User Guide

Payroll Import. Version Main screen for Payroll Import.

A guide to Sage 50 Accounts from your Accountant

Contents. Viewing an Account's Transactions

Please distribute to all Spectra users in your company.

Transcription:

Enhanced Bad Debt Management (DA1168) Further Information Click below to view your selection of in-depth information for this project: Benefits Statement... 1 Legal, Fiscal and any Standards Considerations... 1 Overview... 2 Technical Data... 3 Implementation - Existing Sites And/Or Existing Data... 3 Licensing... 3 System Keys... 3 Data Dictionary Changes... 3 Options... 3 Forms Changes... 3 Suspended Fields... 3 Conversions... 3 Definition of Terms... 3 Implementation - New Line 500/Sage 1000 Installations With New Data... 4 Licensing... 4 System Keys... 4 Options... 4 Suspended Fields... 4 Definition of Terms... 4 System Keys... 5 Data Dictionary Changes... 5 Accounts Receivable... 5 Forms Changes... 7 Suspended Fields... 8 Benefits Statement This project provides functionality to make the handling of doubtful and bad debts easier. The status of a customer account and its remaining open items can be changed in a single step. If the debt is eventually written off, the VAT recovery is automated, with a full audit of the transactions. Legal, Fiscal and any Standards Considerations These enhancements meet the requirement in France to change the control account when debts are identified as doubtful. The need to recover VAT when a bad debt is written off is a common one and these enhancements give you the control of when to recover the VAT element of the original transaction. It is left to you to determine whether VAT can be recovered for individual debts. Sage (UK) Limited, 2008. All rights reserved. Page 1

Overview The new Account Status Change option allows you to manage the accounts of the customers that have doubtful or bad debts. Transactions can be allocated Dispute Codes and/or Doubtful Debt Codes. You can optionally (controlled by new system key SLBADDEBT) choose to move selected items to a different set of Control Accounts. The customer can be allocated a new account type and be moved to credit stopped and/or despatch held status. The new Account Status Change Audit Trail option is a periodic audit trail detailing the changes made in the Account Status Change option. Accounts Receivable Closed Items Cleardown will clear down the Account Status Change audit records. The Accounts Receivable Transaction enquiry option can now display and print the Control Account, Dispute Code and Doubtful Debt Code for each transaction. The Accounts Receivable Listing can now print the Dispute Code and Doubtful Debt Code for each transaction along with the relevant Comments and Date and Time details. The new Bad Debt Write-off option allows you select transactions that are to be written off. No partial allocation will be possible; transactions can only be written-off as they stand. You can mark transactions as being eligible for the recovery of VAT. If so, the original VAT General Ledger postings will be reversed and, if appropriate, any VAT Register postings will be reversed using the original VAT protocol number. The Accounts Receivable Journal Audit Trail will now have the option of printing only the details of Write-off Journals and will include details of any VAT recovered. The Sales VAT Register report and VAT Register Report will include any recovered VAT as negative values. Note that the VAT functionality is dependent on project DA0370 (Generic Tax) being licensed. Sage (UK) Limited, 2008. All rights reserved. Page 2

Technical Data *You must read the Implementation section before attempting to install this project* This section details important information relating to the installation of this project. If you require any further assistance please contact Customer Support. Implementation - Existing Sites And/Or Existing Data Licensing Project DA1168 (Enhanced Bad Debt Management) must be licensed for it to become available. Note that the VAT functionality is dependent on project DA0370 (Generic Tax) being licensed. System Keys The system keys listed in the System Keys section need to be set up as described. Data Dictionary Changes The additional data required for this project is stored in new tables which are detailed in Data Dictionary Changes The files can be created by running the Create New Project Files application and specifying a project code of DA1168. Options The following options have been added: Module Option Description Command ce ce_sldbt_debt_mnt Doubtful Debt Maintenance cenacode 085 sl sl_change_status Account Status Change slchange sl sl_change_aud Account Status Change Audit Trail slchgaud sl sl_write_off Bad Debt Write-off sljrn W Forms Changes The forms listed in Forms Changes have been added with unsuspended fields: Suspended Fields The fields listed in the Suspended Fields section need to be unsuspended: Conversions Not applicable. Definition of Terms Not applicable. Sage (UK) Limited, 2008. All rights reserved. Page 3

Implementation - New Line 500/Sage 1000 Installations With New Data Licensing Project DA1168 (Enhanced Bad Debt Management) must be licensed for it to become available. Note that the VAT functionality is dependent on project DA0370 (Generic Tax) being licensed. System Keys The system keys listed in the System Keys section need to be set up as described. Options Not applicable. Suspended Fields The fields listed in the Suspended Fields section need to be unsuspended: Definition of Terms Not applicable. Sage (UK) Limited, 2008. All rights reserved. Page 4

System Keys Description Value Used By SLBADDEBT This system key controls the bad debt management functionality. MARK - enables a range of selected sales items to be marked with a given dispute code. <blank> MARK UPDATE Accounts Receivable Account Status UPDATE - allows both the marking and the changing of the control accounts of selected sales items. SLCHGPOST Set this system key to NO before starting live operations in Accounts Receivable. Thereafter, it is automatically set to YES whenever an account has its status changed and back to NO whenever the corresponding audit trail is produced. YES NO Accounts Receivable Account Status Change Accounts Receivable Account Status Change Audit Trail Accounts Receivable Period End Data Dictionary Changes Accounts Receivable Change Status Audit Trail File (sl_change_aud, slchgaudm) Column Type Array Key Reference Values Notes customer Char (8) 1 Customer code item_no Char (12) 1 Item number account_type Char (4) Account type short_name Char (4) Short name user Char (11) User date Date Date time Char (9) Time Char (11) Dispute code dispute_date Date Dispute date dispute_time Char (9) Dispute time dispute_comment Char (31) 5 Dispute comments doubt_code Char (11) Doubtful debt code doubt_date Date Doubtful debt date doubt_time Char (9) Doubtful debt time doubt_comment Char (31) 5 Doubtful debt comments effective_date Date Effective date gl_account Char (18) 10 G/L account gl_amount Double 10 G/L amount Sage (UK) Limited, 2008. All rights reserved. Page 5

Journal Extension File (sl_journal_ext, sljrnxm) Column Type Array Key Reference Values Notes batch Char (6) 1 Batch number customer Char(8) 1 Customer code item Char(10) 1 Item number page_no Char(6) 1 Page number journal_type Char(6) Journal type recover_vat Char(2) Recover VAT? Y / N Journal header recover_vat_sel Char(2) 31 Recover VAT? Y / N Journal detail lines (31 per journal page) AR Item Document Extension File (sales_item_dc, slitemdcm) Column Type Array Key Reference Values Notes customer Char(8) 1 Customer code item Char(10) 1 Item number document_number Char(20) Document number doubt_debt_code Char(10) Doubtful debt code doubt_debt_date Date Doubtful debt date doubt_debt_time Char(8) Doubtful debt time doubt_debt_comments Char(30) 5 Doubtful debt comments Sage (UK) Limited, 2008. All rights reserved. Page 6

Forms Changes The following forms have been added: Module Application Form sl change_status customer_entry open_item_detail dispute_entry totals print_form1 print_form2 sys_form change_status_aud range_entry print_form sys_form The following fields have been added to existing forms and are NOT suspended: Module Application Form Subform Field sl journal_entry detail detail recover_vat automatic_allocation detail recover_vat_sel sys_form delete_head journal_pr new_batch change_item journal_pr journal_pr journal_audit main write_off_only recover_vat print_form vat_details vat_code vat_register vat_protocol vat_amount Note Fields that are unsuspended in the Universal and GUI Clients may be suspended in the Character Client. Sage (UK) Limited, 2008. All rights reserved. Page 7

Suspended Fields The following fields need to be unsuspended: Module Application Form(s) Subform(s) Field(s) sl open_item_enquiry open_item_detail detail * control_account open_item_detail2 detail * control_account open_item_detail3 detail * control_account open_item_detail4 detail * control_account unposted_detail detail * control_account unposted_detail2 detail * control_account unposted_detail3 detail * control_account unposted_detail4 detail * control_account print_form detail_line2 control_account open_item_list print_form detail_line2 control_account Note When unsuspending fields on scrollable subforms, such as these, the Character client and Universal Client forms will need manual rearranging to ensure that all columns are displayed correctly and in the right order. Please refer to the Forms Designer Guide for further details. Sage (UK) Limited, 2008. All rights reserved. Page 8