Offsets can be found in the Money module - Mutual Offsets.
The wizard can be used to create an offset within a single business partner. If a user needs to offset, for example, a received and an issued invoice (each belonging to a different business partner), they must proceed via manual creation of a mutual offset.
In this article, we will show you how to create a payment link using the wizard.
Mutual Offset Creation Wizard
Open the Mutual Offsets agenda and click the New button. After clicking, the Mutual Offset Creation Wizard will open.
Select the option Using the wizard.
Selecting Documents for Mutual Offset
Select the relevant company for which the documents were issued and which you want to mutually offset, along with the offset date.
Click the Next button and the wizard will offer you the option to select documents for the mutual offset via the Select documents button.
In the selection, choose the documents for the mutual offset and confirm your selection.
Completing the Mutual Offset
In the next step, you will see the amount selected for receivables, the amount for liabilities, and the offset amount. You can adjust this as needed.
Click the Next button, enter the offset number and its type, then click the Finish button.
Two rows have been added to the mutual offsets register — Issue / Receipt (or Receipt with + / Receipt with -). As many rows are created as there are documents being mutually offset — in this case, two. The payment link can be viewed in the relationships.
Mutual Offset Agreement
The correctness of the offset links can be verified, for example, in the Mutual Receivables Offset Agreement print report. You can find it in the print report selection.
Thanks to the shared offset number in the agreement, you can see the offset documents, the offset amount, and information on how much remains to be paid from the matched documents.
