PANTHEON™ Help

 Toc
 PANTHEON Help - Welcome
[Collapse]PANTHEON
 [Collapse]Guides for PANTHEON
  [Collapse]Guide for PANTHEON
   [Expand]Settings
   [Expand]Orders
   [Expand]Goods
   [Expand]Manufacturing
   [Expand]POS
   [Expand]Service
   [Collapse]Financials
    [Expand]Accounting Basics
    [Expand]Posting
    [Expand]Automatic Posting
    [Expand]Accounting Dashboard
    [Expand]Overview
    [Collapse]Close
     [Collapse]Manually
       General
       Items selected for closing
       List of Outstanding Items
      [Expand]Right Mouse Click
       Close Outstanding Items
       Outstanding Amounts Only
       Auto-close
       Close Button
       Manually Closing Foreign Currency Lines
       Close Manually by Departments and Cost Drivers
       Close Positions Posted in Differnt Currency
       Unbalanced Journal Entries
     [Expand]Manually - General Ledger
     [Expand]Re-Post
     [Expand]Set-offs
     [Expand]Prepare Multilateral Set-off
      Multilateral set off - chain set off
     [Expand]Prepayments
     [Expand]Close Rounding Differences and Cash Discounts
     [Expand]Mandatory and Voluntary Multilateral Set-Offs
      Import of Multilateral Set-Off results
    [Expand]Accruals and Deferrals
    [Expand]Credits and Leases
    [Expand]Reports
    [Expand]Special Reports
     Consolidated Financials Statements
    [Expand]Fixed Assets
    [Expand]Transactions
    [Expand]Debt Collection
    [Expand]Reminders
    [Expand]Year-end
    [Expand]Interest
    [Expand]Cash
    [Expand]Archive
     ZEUS Planning
   [Expand]Personnel
   [Expand]Analytics
   [Expand]Desktop
   [Expand]Help
   [Expand]Messages and Warnings
   [Expand]Additional programs
   [Expand]Old products
  [Expand]Guide for PANTHEON Retail
  [Expand]Guide for PANTHEON Vet
  [Expand]Guide for PANTHEON Farming
 [Collapse]User Manuals for PANTHEON
  [Expand]User Manual for PANTHEON
  [Expand]User Manual for PANTHEON Retail
  [Expand]User manual for PANTHEON Vet
  [Expand]User Manual for PANTHEON Farming
[Collapse]PANTHEON Web
 [Collapse]Guides for PANTHEON Web
  [Expand]Guide for PANTHEON Web Light
  [Expand]Guide for PANTHEON Web Terminal
  [Expand]Guide for PANTHEON Web Legal
  [Expand]Old products Archive
 [Collapse]User Manuals for PANTHEON Web
  [Expand]Getting started PANTHEON Web
  [Expand]User Manual for PANTHEON Web Light
  [Expand]User Manual for PANTHEON Web Terminal
  [Expand]User Manual for PANTHEON Web Legal
  [Expand]Old products Archive
[Collapse]PANTHEON Granules
 [Collapse]Guides for PANTHEON Granules
  [Expand]Personnel Granule
  [Expand]Travel Orders Granule
  [Expand]Documents and Tasks Granule
  [Expand]Dashboard Granule
  [Expand]B2B Orders Granule
  [Expand]Field Service Granule
  [Expand]Fixed Assets Inventory Granule
  [Expand]Warehouse Inventory Granule
 [Collapse]User Manuals for PANTHEON Granules
  [Expand]Getting started
  [Expand]Personnel Granule
  [Expand]Travel Orders Granule
  [Expand]Documents and Tasks Granule
  [Expand]B2B Orders Granule
  [Expand]Dashboard Granule
  [Expand]Field Service Granule
  [Expand]Fixed Assets Inventory Granule
  [Expand]Warehouse Inventory Granule
  [Expand]Archive
[Expand]User Site

Load Time: 406.2292 ms
"
   2941 | 3332 | 340566 | Updated
Label

Close Outstanding Items

Close Outstanding Items

010381.gif010411.gif010382.gif010383.gif

 

In the list of outstanding items you can select the items to be closed by double clicking them. By doing this you move them from the bottom panel (List of outstanding items) to the upper panel (List of items to be closed), as is shown on the image. 

By using the Move all function you can in an easy way mark all receivables and payables.

 

Open Balance 

Receivables (Payables) less Payments.

The current balance of outstanding payables and receivables from the list of outstanding items.
Closing Balance

Outstanding Rec. (Payables) less Outstanding Payments.

The current balance of selected invoices and payables from the list of items to be closed (see image above)
Linked Doc. The ID of the document linked to the selected document. The program automatically offers you the ID of the linked document from payable/receivable that is entered to the payment amount of payable/receivable after the closing is confirmed.
It closes only the selected outstanding items that you have chosen previously from the List of outstanding items panel and in this way moved them to the Items to be closed panel.
If you have selected only receivables or only payables, the closing of course cannot be performed. In this case an error is returned (see You have to select receivable and payable!).

If you select a receivable (or payable) and its subsequent payment, yet a part of receivable (or payable) is in some other posting item of the list of outstanding items, the program returns a message (see The linked document is still among the outstanding receivables! Do you still want to continue?).

Similarly: If you select a receivable (or payable) and its subsequent payment yet a part of payable is in some other posting item of the List of outstanding items, the program returns a message (see Linked document is still among outstanding payables! Do you still want to continue?).

000001.gif By using this function an adequate number of new items of journal entry for closing of receivables/payables are created (helpful in closing of journal entry for bank reconciliation). New items of journal entry for bank reconciliation are assigned a new ID for items of journal entry. Yet in the Original item field items of journal entry keep the data such as is displayed in the item oh journal entry to be distributed.

In this way you may at any time print the data from the original posted item of journal entry for bank reconciliation with the help of the account card report Summary by original item. The actual state (actual payment amounts distributed to specific linked documents) may also be printed by using the typical account card report.

For example see topic Close button.
It automatically closes an outstanding receivable/payable together with the outstanding payment if both are made in the same amount. If both the amount of the outstanding receivable and payable are equivalent, you can make the closing easier by not select in receivable/payable to be closed just clicking this button.  Outstanding receivables and payables from the List of outstanding items panel that are equivalent in amount shall thus be closed without directly selecting them at all.

For example see topic Auto-close.
It displays a list of reveivables and payables that you have selected to be closed.
018223.jpg
000001.gif If you have selected the Open option, the items that were closed shall be removed from the list of items to be closed.

Browse posts after a successfully performed closing (Close button):


 

Rate this topic
Was this topic usefull?
Comments
Comment will also bo visible in forum!