Create Single Currency Adjustment – A summary of the activity

This activity allows you to create the supplier balance adjustment voucher in single currency. Both the debit and the credit document must be of the same currency to do the adjustment. The advance payments and liabilities are booked at various stages. If these are not adjusted, then the account will show an unreconciled debit and credit balances. The pending liability documents have to be adjusted with advances/debit notes in order to arrive at the final outstanding payable to the supplier. The supplier balance adjustments assist in overcoming this situation. The debit documents like vouchers and debit notes have to be adjusted with the pending credit documents like invoice and credit notes. This process has an impact on the cash flow, by reducing the cash out flow to that extent of advances/ debit notes adjusted. The documents can be adjusted based on the adjustment sequence specified. You can also propose adjustment amount by using the task button provided.

You can authorize the balance adjustments through this activity. You can also modify the adjustment voucher details through this activity.

The system updates the status of the adjustment voucher to “Fresh” or “Authorized” on authorizing the adjustment voucher. The system updates the login ID of the user to the created by and the system date to the created date.

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