How to Reconcile an Invoice Payment on LSS and the Accounting Platform
How to mark an Invoice as Paid on the LSS platform when payment has been received and solely recorded on the Accounting side.
18 steps
|
2 minutes
1
Navigate to Brokerage Engine.
2
Click "Accounting"
3
Click "Reports"
4
Click "Subledger Reporting"
5
Click "Invoice Reconciliation"
6
The Report shows an Invoice that has a "Paid" Accounting Status, but is described as "Overdue" in the LSS platform.
7
Click on the Accounting Amount field to be taken to the Invoice in the Accounting platform.
8
The Invoice has a recorded payment made in the Accounting platform.
9
Navigate back to the Invoice Reconciliation Report and click on the LSS Amount.
10
The Invoice shows as "Open" on the LSS side. A payment cannot be recoded, since it already has been on the Accounting platform.
11
Click the arrow to display the dropdown menu.
12
Click "Mark Paid"
13
Click "-- Select Reason --"
14
Click "Mark Paid - BE Accounting". This will mark the invoice paid without creating a new payment.
15
Click the "Comments" field to add a memo.
16
Click "OK"
17
Click "OK"
18
The Invoice Reconciliation Report will now show the LSS Status and the Accounting Status as "Paid".