Page Comparison

Short Description

Excerpt

The Hire Payable module automatically retrieves all payable items to an Owner on a detailed level from across Dataloy VMS for Time Charter Contracts (all other payables are handled in Accounts Payable). Once retrieved, the payable items can be reviewed, assembled into invoices and posted to an accounting system. The module provides information about each payable item, based on already available data in Dataloy VMS, for example type of invoice, who the invoice is from, the amount, etc.

Hire payables can, for most business organisations, be defined as accounting transactions handling the invoices due/owed to Owners of vessels under a time charter contract - but is yet to be paid. All invoices are required to be paid within an established timeframe (or payment terms). As time charter contracts are set for a specific timeperiod - not voyage or voyages, the charter hire payables can span multiple vessels and voyages.

 The module consists of three sections:

...

1. To dissolve an invoice:
   1. Go to Modules > Post Fixture > Hire Payable. The Hire Payable window will open
   2. Click Assembled at left-hand side. The Assembed view will open displaying all assembeld invoices (i.e complete and ready for posting).
   3. Click the invoice to be dissolved in the upper field - it will highlight.
   4. Click Dissolve Invoice. A pop-up will open asking to confirm dissolvement.
      
      
      
      
   5. Click OK. The pop-up vill close and the invoice will revert to the Pending section.
      
      
2. To reverse an invoice:
1. Go to Modules > Post Fixture > Hire Payable. The Hire Payable window will open
2. Click Posted at left-hand side. The Posted view will open displaying all posted invoices.
3. Click the invoice to be reversed in the upper field - it will highlight.
   Note: It is NOT possible to reverse invoices ´that are payments, are linked to closed voyages (the voyages must first be re-opened) or have no document type (the Reverse... buttom button will automatically deactivate).
4. Click Reverse. A pop-up will open asking to confirm reversal.
   
   
   
   
5. Click Yes. The pop-up will close and an Input pop-up open.
6. Enter the reason for the reversal and click OK.
7. The pop-up will close and a Credit In row will display in the upper field alongside the original invoice signifying that the invoice has been reversed.
   
   Example:
   
   

...