Automatic settlement

Default automatic settlement

If there is no user-defined settlement priority, transactions are automatically selected for settlement based on the due date and currency.

Below the list of invoices that we are going to settle:

Invoices list1

Once you make a payment let’s say for 450$ all invoices will be sorted by Due date and appropriate invoices will be settled with the payment.

Sorted Invoices list1

Jump into AX in the Customer transactions form and look at Settled currency column to verify the result.

Customer transactions1

User-defined settlement priority

If you select the Use priority for automatic settlements flag, the settlement priority that you define in the Settlement priority form is used when transactions are selected for automatic settlement. Let’s walk through the following priorities:

  • Transaction Amount
  • Due Date
  • Voucher

Prioritize settlement

Let’s use the same list of invoices.

Invoices list1

Once you make a payment let’s say for 700$ all invoices will be sorted by Invoice amount, then by Due date and Voucher and appropriate invoices will be settled with the payment.

Sorted Invoices list2

Customer transactions2

If we add additional invoice with the same amount but earlier Due date, this invoice will be settled instead of settling with the latest one.

Invoices list3

Once you make a payment let’s say for 700$ all invoices will be sorted by Invoice amount, then by Due date and Voucher and appropriate invoices will be settled with the payment.

Sorted Invoices list3

Customer transactions3

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