How to do a Vendor Settlement on Posibolt?
How to do a Vendor Settlement on Posibolt?
Vendor Settlement, refers to transaction of any outstanding orders/Purchase Orders and/or Invoices with amounts due to a vendor/supplier.
- Log in to Posibolt and navigate Posibolt Main Menu, on the right side you will see Menu options
- Select Purchases in the Main Menu, navigate to the sub-menus on the left to locate Vendor Settlement under Activities, and then select the Vendor Settlement option to be redirected to the Vendor Settlement screen.
- Enter in a Vendor Code and/or Vendor Name and press enter or select the vendor that appears and navigate to the right side of the screen and click Search
- The Vendor selected will be highlighted in yellow, you will see the name of the vendor, total purchase amount and total amount to pay/due as well. To the right side of the screen, you will more details of the vendor.
- If you want to make a quick payment, click Pay on the right side of the screen, if you want to see invoice-based details and pay/settle a specific invoice click Show Invoicewise Details and if you want to see the ledge click Show Ledger.
- To refine and search by invoice click the check box next to Show allocated invoices, then click Pay, if you do not need that, after clicking show Invoice based details, on the left side a list of all the Purchase Orders and/or Purchase Invoices you can check mark the specific invoice(s) you want to pay for and click Pay.
- The Payment menu will appear and choose the Payment Method
Show Ledger
Posibolt allows you to quickly view all the vendor's invoices. For a particular vendor, click on Show Ledger. As for any reports, you can add filters and sort the information to identify exactly what you are looking for.
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