Compensation Localization for Czech

The Compensation Localization enables companies to offset receivables and payables when a customer is also a supplier. The Compensation Card makes it easy to enter the entries to count either manually or automatically. Additionally, there are functions for marking the entries to count and recalculating the balance. The ability to print the Agreement on Mutual Settlement of Receivables and Payables helps companies comply with Czech legislation.

The extension provides the following key benefits:

• View Balance as Vendor/Balance as Customer - You can view the vendor balance on a customer card and customer balance on a vendor card, set up a customer and vendor business relation with a contact to indicate that a company is both a vendor and a customer
• Compensation setup – Compensation Nos., Compensation Bal. Account No., and more
• Compensation card – Lines for compensation
• Function - Suggest lines/entries for compensation
• Print the Agreement on Mutual Settlement of Receivables and Payables
• Compensation posting – Posted compensation is created, entry application is posted.