General accounting principles
Counterparty settlements
Overview of “Counterparty settlements” in the context of BookSoft usage.
Counterparty settlements connect the organization, counterparty, contract, sales or purchase documents, and payments. Consistent contract details define the context available to documents.
Workflow
- Check the counterparty card and required contract.
- In the document, select the organization, counterparty, and contract in that order.
- Post source documents and payments according to the actual transaction.
- Use settlement movement reports for control and reconcile period, currency, and analytics.