The Consolidated Payment feature allows all payments, credits, and deposits to be accepted through the highest-level customer in a customer-subcustomer hierarchy or through the individual subcustomer for whom the invoice is entered.
You can enable this feature by navigating to Setup > Company > Enable Features > Accounting tab.
As the Consolidated Payment feature allows your business to streamline the process of multiple payments in a single transaction, it saves time and reduces manual effort. It also provides better visibility into the overall financial status of your organization, helping you make more informed financial decisions.
Here are the differences when the Consolidated Payment feature is enabled and when not.
In the Generate Statement page, if the Consolidated Statement box is enabled, the child or subcustomers’ name disappears and the Balance for parent shows the consolidated balance.
On the Individual Statement page, the Consolidated Statement box is greyed out when a Child is selected on the Customer field.
If a Parent is selected, the balance will depend on whether the Consolidated Statement box is checked or not. When checked, the consolidated balance is shown.
