Centralised Payment

hi everyone

today our topic is centralized payment

in d365

what is meant by centralized payment

the

name itself

providing the meaning and providing the

concept that means centralized payment

payment from the

centralized company central

so centralized payment means for example

i have two companies one is usmf and

another one is demf

for dmf invoices vendor invoices i'll

pay from

usmf company

that is what centralizer payment

so what are the setups we need to do for

centralized payment and

what is the output after configuration

this we are

going to do in d365

let's start

so in d365 i am in usmf company first of

all to do the centralized payment

the first setup we need to do is

inter-company

the company

so there

must be relation between these two

companies

so demf

and usmf

there is a relation

okay

so centralized payment

there are few

criterias you can select here post cash

discount legal entity of the invoice

wherever the invoice is available there

only you post the cash discount you are

telling the system where the cash

discount needs to be posted post the

currency exchange gain or loss these

post interest post fine

these are the things you are in telling

to the system for customer payments as

well as vendor payments where to book

this cash discount which company where

to book this exchange rate action gain

or loss

interest fine

those type of things as per your

requirement you can mention this here

so demf and usmf company already

relation is there we have originating

company is the emf

destination company is

usmf

okay

and this is debit account and credit

account uh debit and credit account

same way we have uh demf and you

sorry usmf and emf

uh

reciprocal relation as well specifically

relation as well so same way

as i told original

originating companies usmfeo and

destination companies

dmf this is the first setup we need to

do

it is already there so i am just

explaining if you are doing you if you

are practicing with different companies

you can

create a relation here

by clicking new and you need to select

the originate originating company and

the destination company and

whatever the debate account credit

accounts you need to map

okay this is first

second

in organization hierarchy

organization administration module

in organization hierarchy centralized

payment

centralized payment

purpose supposed to be

like

organization hierarchy you need to

prepare and purpose of that

organization hierarchy is centralized

payment

so you need to select the

purpose

as centralized payment

okay this is the main thing

okay if you view here

see

here this contoso

entertainment

contest so

entertainment demf

usmf there is a relation

and usrt also relation is there

okay

so

now

third step we need to do is create

vendor master

in both the companies usmf as well as

demf

one second

okay

both the companies you need to create

the

window

codes payable

okay

for example

i am taking this window and

add vendor to another legal entity i'm

using

so usmf i have

and

i'm

going to add this window to dmf

um

so number sequence of vendor cannot set

okay

okay

member sequence of the vendor is uh in

is

manual so

that's why it is causing this issue

let's go to dmf company

we'll create from here

example

de001

i'm adding this vendor to another legal

entity which is

my usmf legal entity

and

vendor group

and currency

number sequence for vendor accounts

be let's see

and cannot

what is the issue

go to accounts payable parameters

to see the number sequence for vendor

account

see here

it's manual

let's give as continuous

i'm going to use company again

i'm

planning to

get the same

vendor account to the emf company

so

creating this

now we will not get that particular

okay

so first step what we did

first creating the relationship between

inter-company relationship between both

the companies

and

providing the originating debit account

credit account originating company

destination company revie

is

organization administration in

organization hierarchy we need to

create for centralized payment purpose

supposed to be centralized payment in

the hierarchy we need to map we need to

give this hierarchy between these two

legal entities

okay

then

so point three third step is that you

need to create the

vendor accounts

in both the legal entities

so i have created the i have moved one

of the vendor to

another link

as well dmf that means created

i have created a

vendor account

in dmf as well this is the vendor

account here

so let's try to

now setup is done

what we need to test it

the outcome of this setup we need to

test here

so let's see

let's create

vendor payment journal

in dmf company um

let's create vendor invoice for this

so i'm creating whatever the vendor

created newly in demf

for that vendor i am booking one of the

invoice

so this is testing part

setup is only the

first three steps

relation inter-company relation

organization hierarchy

creation of nerve groups

so which window

this is our vendor

so invoice date is

i'm taking yes

and invoice number i need to give

c

what is this error

vendor is on hold

okay

let's

first of all go back

and go to window

it is on hold

release the vendor for posting

then come back to

invoice journal screen

to book the inverse for that particular

vendor

okay

and then my state

i'm giving

and invoice number

description

centralizer payment

and just anything you can provide

so it's invoice 2000

and i am giving offset upon something

some expense account or some

any expenses

it is for just testing purpose so

taking

i think six it is the

expenses

let's

write

let's take flights

i'm just picking one of the dimensions

from the list

because

we are not sure what is the

structure taken for these

particular accounts

so i randomly picked

some of the dimensions

so we are posting the invoice now

okay invoice has been posted

so

i

again

i'm again coming back to usmf legal

entity

so now invoice has been posted in the

emf

now i am going to settle the invoice

setting the invoices

for this window from usmf company

in demf vendor number is

this is the vendor vendor

okay but i am in usmf i'm going to

settle

this vendor

transaction

invoices

so

enter payment journal

let's take new one

and

lines

selecting the vendor account which was

usmf

after selecting the vendor

click on settle transactions

it will show the

all the invisis

for this window

including

including

dmf as well

so if you scroll down

this is the invoice you booked in

bmf company

just know today

maybe have the legal entity column

here you can see

dmm

company

companies name for this

particular invoice

so

so it's not there

so you can check from here

company

you can mark it

and you can settle that particular

invoice

so

what is this

centralized payment means we are paying

dmf company invoices also

for this window

okay

that is what payment we are giving from

usmf

okay

you can post the

payment that is what

about centralized payment

i hope

you understood

will come up with new topic in next

videos

bye