Settle customer consolidated invoices by using a payment journal

In Japan, payments are made and settled against consolidated invoices.

This procedure walks you through settling a consolidated invoice using a payment journal and payment proposal feature.

Before you complete this procedure, be sure that you have a consolidated invoice created and confirmed.

This procedure was created using the demo data company JPMF.

1. Go to Accounts receivable > Periodic tasks > Consolidated invoice.
2. Note the value in the Consolidation ID field to reference later
   • You can use JPMF-000002 from the demo data company JPMF.
3. Go to Accounts receivable > Payments > Payment journal.
4. Click New.
5. In the Name field, type a value.
6. Click Lines.
7. Click Payment proposal.
8. Click Create payment proposal.
9. Expand the Advanced parameters section.
10. In the Consolidation ID field, type a value.
    • You can use the value noted previously on the Consolidated invoice page.
11. Click OK.
12. Click Create payments.
    • Confirm the payment line is generated based on the proposal. Provide a Date for posting.
    • When there are multiple invoices tied on one consolidated invoice, there may be multiple lines on the payment journal been generated.
13. Click Post.
14. Go to Accounts receivable > Periodic tasks > Consolidated invoice.
    • Confirm that the status of the consolidated invoice has been updated to be Settled.