NAV: Payment Tolerance

Owned by Veronika Zagrapanova (Deactivated)
Last updated: Jun 29, 2021 by Lucie Odehnalová
3 min read

Overview

The aim of this document is to set up payment tolerance for payments in all currencies.

How to find + Setup

Go to the General Ledger Setup ribbon – Actions part. There is the button Change payment tolerance.

In Appliation FastTab, please select Payment Tolerance or Payment Discount Accounts for Payment Tolerance Posting. You can also enable Payment Tolerance Warning. When posting payments with payment tolerance, you can choose if balance should be posted as remaining amount or as payment tolerance.

How to start

Decide about maximal payment tolerance amount. You can choose maximal percentage or fixed amount.

Process example


Setting up payment tolerance for GBP (£5). Before start, it’s useful to check the actual state. So please check for example open Customer Ledger Entries, Max. Payment Tolerance column. Payment tolerance is 0.00.

  • Click on the action Change Payment Tolerance and fill here required values:

  • Click OK

 

 

 

 

 

  • NAV will ask you if you want to change payment tolerance for existing open entries. Click YES.

 

 

  • Wait for updating all open vendor and customer ledger entries.

  • Entries are now updated, see the picture below.

  • Create payment for customer No. CGB0068 £40.

  • Apply payment to the invoice SINGB19-002490 £43.50 and click OK.

  • Payment tolerance will pop up warning window. You can decide here if you want to Post the Balance as Payment Tolerance or Leave a Remaining Amount.

  • Post journal

  • Result in Customer Ledger Entries:

Invoice view - detailed entries:

Payment view - detailed entries: