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1. You should reflect in the program all documents that will be involved in settlements for each company (e.g. Invoice Received, Invoice, Bank Payment, Cash payment etc.).

2. In order to determine what type of debt (accounts payable or accounts receivable) each party involved in mutual settlements has, it is necessary to generate the STATEMENT OF MUTUAL SETTLEMENTS for each company.

STATEMENT OF MUTUAL SETTLEMENTS for Company B:

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Based on the data from the STATEMENT OF MUTUAL SETTLEMENTS, you should fill in the Mutual Settlement.

Note. We recommend filling in the Accounts Payable tab by clicking on the Pick :

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Select the correct GL account in the field GL account 

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