Month: June 2017

SS10: Payment Terms (Added Auto Notes? Column)

Previously, when the Terms Sequence Group (TSG) is set the “Line Item Notes” column of the “Payment Structure” becomes disabled and uses the TSGs’ description. In this update, the Line Item Notes can now be set to something else while TSG is set.

Note: This feature in effect allows you to group by and sum the payment structure by TSG and Line Item Notes.

Added The Following:

  • Payment Structure (Tab Page)
    • Grid:
      • Auto Notes?
        • Options
          • Checked, and Unchecked

Example:

A300019: SIS Semester (Added Periodic Revenue Recognition)

Previously, the only way to do Revenue Recognition is by the schedule generated by the Payment Terms. In this update, system uses the Reclass Terms to recognize revenue while still having the Payment Terms option.

Added The Following:

  • General (Tab Page)
    • Account Setup (Periodic Revenue Recognition)
      • Note: If Reclass Terms is used, the Realized And Unrealized Account Setup is ignored and only the Reclass Structure is used by the SIS.
      • Use Transactions’ Payment Terms? – when checked, uses the Payment Terms for Periodic Revenue Recognition.
        • Options:
          • Checked And Unchecked
      • Use Reclass Terms (Structure Only)

Example:

GL00010: Reclass Terms (NEW)

GL00010: Reclass Terms is used for auto reclassification or recognition based of GL accounts in various periods. The setup structure is similar to SS10: Payment Terms.

Located At:

Main > Core Business > General Ledger > General Setup > Reclass Terms

Initial Tabs, Fields, And Columns:

  • General (Tab Page)
    • Code, Description
    • Reclass Frequency
      • Options:
        • Days From Document Date, End Of Next Month, Day Of Next Month, Days From Day Of Next Month, End Of Current Month, and Semi-Monthly.
    • Use Structure Only? – when checked, hides the Account Setup tab page.
      • Options:
        • Checked And Unchecked
  • Reclass Structure
    • Total
    • Grid – columns appear based on Reclass Frequency
      • If “Days From Document Date”
        • Reclass: Fxd Or %, Reclass: Month, Due Value (F or %), and #of Day/s.
      • If “End Of Next Month”
        • Reclass: Fxd Or %, Reclass: Month, and Due Value (F or %).
      • If “Day Of Next Month”
        • Reclass: Fxd Or %, Reclass: Month, Due Value (F or %), and Day Of Month.
      • If “Days From Day Of Next Month”
        • Reclass: Fxd Or %, Reclass: Month, Due Value (F or %), # Of Day/s and Day Of Month.
      • If “End Of Current Month”
        • Reclass: Fxd Or %, Reclass: Month, and Due Value (F or %).
      • If “Semi-Monthly”
        • Reclass: Fxd Or %, Reclass: Month, and Due Value (F or %).
  • Account Setup (Tab Page)
    • Grid:
      • Realized Account – the account to reclassify or to recognize to.
      • Unrealized Account – the account to reclassify or to recognize from.

Initial Reports:

  • Reclass Terms

Example: