Creating receipts

The Reconciliation Center provides a consolidated view of all invoices, receipts, and the related reconciliation information. The user can select a receipt and provide an invoice number to match the two.

Receipts against an Invoice are generated from the following channels:

1. Explicitly selecting an invoice and initiating payments or direct debits in Fusion Cash Management (FCM) creates receipts.

2. Receipts through Credit Notes and Debit Notes: These receipts may or may not contain the invoice number to reconcile.

3. Receipts through buyer loans: The buyer explicitly selects an invoice in FCM, and initiates a finance request on it. When the loan gets disbursed, the invoice gets reconciled and the loan money is used to make payments to the supplier.

4. Receipts created using the bank payments: These receipts are normally bulk payments against the outstanding invoices. FCM reconciles these receipts and the invoice based on some pre-configured rules of matching the receipt information and the invoice information.

5. Receipts through Inward/Outward Collections: These bulk receipts are reconciled against the outstanding invoices based on some rules defined by the anchor client for matching the receipt information and the invoice information.

To add a receipt

2. Click Invoice Recon >> Receipts. The Receipt Center page lists all receipts generated against the invoices.

3. Click the

icon corresponding to the required invoice to view the invoice details.

4. Click Create Receipt to add a receipt. The Receipt Entry page is displayed.

• Company Name: Company name is auto-displayed for a user having single company access rights. A user having access rights to multiple company can choose from the list of applicable companies.

• Instrument Number: Specify the instrument number against which you are creating a receipt

6. Click Save. You can manually match the receipt with an invoice in the Invoice Recon Center.

Creating Receipts

To add a receipt