This might sound like a silly question… But i want to know what is the purpose of using proposals? Proposals for depreciation of fixed assets or payment proposals… Can someone please explain me the concept of proposals?

Proposals are available just to make your work easier. Based on some parameter, system suggests you transactions to post. For example:

  1. Depreciation proposal: Since depreciation calculation is straight forward based on depreciation setup, system can propose depreciation entry every month. Otherwise, you need to figure out depreciation amount every month and post the transactions.

  2. Payment proposal: Since AP invoices has due dates, Payment proposal suggests invoices which should be paid within the criteria. Again like keeping tab on all the invoices and when to pay it is a tough job. Using payment proposal, system will suggest you invoices which you should pay.