From the Accounts Payable Inquiry Screen users can select offsetting Debits and Credits and click the Settle button to clear these from Open Payables. In the Selection Criteria choose a Vendor and an Entity, Open Items, then click Refresh. When the grid loads you can use the check boxes to select the items you want […]
Category: Cash & Banking
Cash Corrections (ReApplications)
Work In Process (Unbilled Receipts) – Add a DA Problem using Problem Type “CASH”. Enter comments explaining the movement needed. Accounts Receivable (Billed Receipts) – Add a DA Follow Up using Collection Status “Cash Reapplication Requested”. Enter comments explaining the movement needed.
Fairwater/D365 – CustTransOpen Error
This error occurs when posting Cash Receipts and indicates a mismatch in the DA Due Date between Fairwater and D365. The source issue tends to be a DA Sync error when the DA is billed and if it is addressed at the time of the error there is not an issue. But, if the DA […]
Principal Funding Methods
The purpose of Advance Funding is to ensure the Agent does not use its own funds to provide for the Principals Operational needs. The Agent has established the below methods of funding to accommodate different Principal needs. Standard Advance – Proforma estimations are prepared for each Vessel Call and sent to the Principal. The Principal […]
Bank Details Change Policy
We are updating our current existing policy, effective immediately. Please pass along to all staff who might receive requests for change of bank details. Purpose The purpose of this policy is to establish guidelines for handling requests from vendors, subagents or customers to change their bank account details. By implementing these procedures, we aim to […]
Outwire Posting
In the Fairwater Main menu select Accounting / Cash And Banking / Functions/ Outwires as shown below. You will see the Outwire List which will default to show all open outwires, meaning that the entries have been saved but not posted. Select “Add New” to create a new Outwire entry. On Outwire Entry screen, enter […]
Outwire Procedure
Accounts Payable – “Zero Wire” Procedures
This procedure is used to correct payment applications on Account Payable Vendor Accounts & Invoices. Go to Fairwater Payables Inquiry (Accounting/Accounts Payable/Functions/Payables Inquiry) Under selection Criteria Vendor Field choose the vendor that needs to be corrected. If the correction is on the same Call Number you can use the File Number drop down to further […]
ACCOUNTING EMAIL DISTRIBUTION ADDRESSES
To assist you in knowing who to contact in the Accounting department regarding your inquiries, please note below: CASH cash@nortonlilly.com to be used when inquiring on funds, notification of expected funds, and vessel cash deposits. outwires@nortonlilly.com to be used for out-wire requests. portchecks@nortonlilly.com to be used for port checks. DISBURSEMENT ACCOUNTING disb.acctg@nortonlilly.com DA Customer Service […]
Banking Detail Changes – Policy
Policy on changes to bank details for Vendors and Principals