ALTUM

How to complete a correction with deferred payment (e.g.: bank transfer)

In the system there is invoice SI/2007//0001 for amount of 1350 USD with postponed payment e.g.: transfer

1. In payment plan new payment for amount of 1350 USD appears, with status – unsettled
2. Before payment is settled customer decides to return the whole transaction
3. New document is issued: SIQC/2007//00001 for amount of 1350 USD. Payment form on correction invoice is also transfer
4. 1. In payment plan new payment is created: liability for amount of 1350 USD
   2. Liability has status – unsettled
   3. After creating two invoices: sales and correction there are two payments on payment plan, both for amount of 1350 USD and both with status – unsettled
   4. One of them is amount due and the other one – liability
5. These two events can be compensated. In result, both compensations will have status: settled. This way without actual cash flow between the company and customer both invoices have status of paid documents.

Of course instead of compensating user can wait for abstract of account confirming transfer of 1350 USD and make a transfer for the same amount into customer’s bank account. Both transfers should be added on the list of bank records in bank register and then settled with proper event from payment plan.