Net customer and vendor balances
Net customer and vendor balances
Customer and vendor balance netting is when the balances for a vendor and a customer are netted against each other, because the vendor and customer are the same party. This approach minimizes the exchange of money between an organization and the customer or vendor party. It can also help a company avoid making unnecessary payments or receipts, and save on transaction fees, by consolidating the company’s customer and vendor balances.
About the Author
Sohena Hafiz is the Founder and CEO of Ascent Innovations, with 20 years of experience in Microsoft Dynamics and 16 years leading ERP implementations. She has been directly involved in 50+ ERP projects, including 30+ in D365, across industries like industrial equipment, steel fabrication, food manufacturing, banking, recycling, retail, and the public sector.
Other Content In This Stream :
Ready to start transforming your business?
Talk to us about how Ascent Innovations can help you realize business value faster with end-to-end solutions and cloud services.
