Easily enter and keep track of all Payment Pledges agreed upon between you and your suppliers using the Enter and Post Payment Allocation section
A payment pledge is defined as a promise to pay a specified amount to a vendor within a set period of time
The payment pledge is regarded as expenditure on the date it's pledged, although funds haven't yet been paid - this data can play an important role in budgeting and general business analysis
Easily view all outstanding payments for each of your creditors and insert payment pledge amounts with a click of a button
Export and/or print the Cash Flow Forecast and use the data to make informed business and accounting decisions
Managing Payment Allocation/Payment Pledge:
View Vendor Account Details
View a concise overview off the Total Amount Outstanding and Total Payment Amount Pledged for all your Creditors
From this window you can easily View Transactions in order to Allocate Payment Pledges
Easily view the Cash Flow Forecasts and set Auto Allocation Criteria
Adding Payment Pledge
To add a new payment pledge, or modify an existing pledge, begin by clicking on the relevant Creditor
When selected, click "View Transactions" to bring up a list of all relevant document. Double click the specific Supplier Document for which you wish to pledge payment - enter the Payment Pledge amount and confirm
Once the Payment Pledge amounts have been entered, click "Ok" to return and review the changes made
Payment Review
Clearing Payment Allocations
Review the Total Cash Required for all payments pledged
To save time, quickly and easily clear either All Payment Allocations recorded across all creditors, or Payment Allocations specified for the highlighted vendor
