Hamag Recon

Overview

Recon Hamag Account. 

Setup Steps

• Setting > General > Multiply exchange rate.  - done

• Update Customer Receipts + Customer refunds to use multiple currencies.  (Company and Local - edit ROE) - done

• Create Ledger Account for suspense forex.   - done

• Create transactions type for Forex - Receipt.   - done

  • Debit bank Credit forex - suspense. 

  • Give Access in Role setting for finance roles. 

• Transaction - Customer Forex Gain/Loss set new transactions status = Complete.  - done

Steps

• Create closing transaction to zero older account, dated 01.01.2023.  -

  • Create closing on Euro:  Credit Suspense.

  • Create closing on ZAR:  Debit suspense.  - 611725.16

• Set old Account to inactive.

• Create New Account for Hamag - Add Contact from old by updating the company.

• Filter and change all transactions for new financial year from old account to new account.  

  • Invoice - Remove from VAT Recon, Set to active > Change customer.

  • Credit Notes - Remove from VAT, Leave pending > Change customer. 

  • CR/GJ - Set to Active > Change customer.

• Create opening balance transaction for new account, Dated 01.01.2023.  - Get From Bumatech 

  • Opening balance will be in Euro. Exchange rate as of 01.01.2023. 

Confirm transactions for 2023 - Euro Amount + Exchange Rate.

• Invoices 

  • Check Invoice 200505

• Credits 

• Customer Receipts.

• General Journals

• Bank Payments - match bumatech to Hamag.

Customer receipts

• Update existing Customer receipts from bank to the suspense accounts for Hamag (Forex customers)

• Set the amount to the Euro Amount of the invoice that is getting paid, Update exchange rate as of the day. 

• Make a Forex-Payment transaction in ZAR to clear the Forex-Suspense account. Debit bank, Credit Forex- Suspense 

• Amount to be the amount reflected on the bank statement. 

Session 19/04/2024. 

Done

• Zerod Euro and Zar Balance as of the 01/01/2023 for Hamag HAM002. 

• Moved All March Transactions for HAM002 to New Hamag Account - Except credit Note - Allocated. 

• Confirmed Invoice Transactions for 2023 - HAM002, Payment transactions - HAM001, against recon. 

To Do 

• Merge the payments from Hamag ZAR account to new Hamag Account. 

• Proper Opening balance for 2023 - Euro Balance - 2023. 

• Look at Credit Note on HAMAG, need to move.