Adding a cashflow account
Prerequisites
To assign cashflow for a contract, the following fields must be filled on a contract:
• Cashflow start date: The date from which you start recording cashflow on the contract. The payment date of cashflow assigned to this contract must be on or after this date.
• Cashflow start balance: This is the payment balance on the cashflow start date.
Example: If your customer has arrears in payment, say, $1000, enter the amount as -1000. If your customer has paid you an advance of $1000, enter the amount as +1000. If your customer is up to date with payments, enter the amount as 0 (zero).
It is presumed that the display settings for amounts is + for cash in and - for cash out. You can decide to use other display settings and record the cash balance accordingly.
If Invoiceable from is enabled from the > (start of administration in Planon ProCenter ), it is not possible to assign cashflow to a contract. Assignment must be done by reconciling the invoices.
Procedure
1. Go to Properties > Accounts.
2. On the actions panel, click Add.
3. In the data panel, complete the relevant fields. For a description of these fields, see Cashflow account fields. 4. Click Save.