General Information
Default Menu Location: Transaction >> Accounts Receivable >>Apply Cash Receipts
Screen Name: CASHREC
Function: The Apply Cash Receipts screen is used to enter cash receipts and apply them against open AR invoices.
To apply cash to an invoice, select the invoice(s) that is/are being paid and click
Add button.
The system will automatically allocate the amount of the payment across the invoice(s) selected. The allocated amount can be change by editing the PaidAmt column in the bottom grid.
To enter an open credit, enter the amount of the credit and click Save. Any unapplied amounts can be issued as an Open Credit.
After the payment has been allocated across the selected invoices, click
Save to complete the cash receipt.
 Apply Cash Receipts and Adjustments |
Fields
Cash Acct: Select the appropriate Cash account from the drop down box. The default Cash Account can be set by the CID Maintenance-Accounts-Accounts Receivable Cash field, then by the System Cash Checking Accounts screen 'Default AR Account' checkbox, then by the entries in the
POSACCT Rule Maintenance record. Any Cash Account entries in the POSACCT rule will override the previous two defaults.
Adj Acct: If making an adjustment to an invoice (bad debt, bank fees, write-off, etc), enter the offsetting account to use for the adjustment.
ID: Select the customer making payment from the drop down box. (Typing the first letter will filter the list)
Ref #: Enter a reference number for the cash receipt; this may be the check number.
Amount: Enter the amount of the payment.
Bank Dep #: Enter a reference number for the bank deposit (optional); this may be the check number, date or a sequential number of your choice.
Transaction Date: The date when the transaction will go into Adjutant. This is often referred to as a the accounting date, because this is when the transaction will show as posted to the general ledger.
PostMark Date: The PostMark Date is the 'paid' date. This is the date which is primarily used for calculating discounts.
Custno/Company: Enter/select the customer that the payment is from.
Deposit: Check this box if the cash receipt is a deposit
Tag CR/DEP with Project/Phase: Select Project/Phase from dropdown box.
Note: Enter a note for any comments related to the payment.
Type: Drop down of type of cash receipt. Cash receipt types can be added through rule maintenance under crtype.
Related Videos
Apply a Cash Receipt Against Open Invoices
Enter a Deposit or Credit
Fix an Incorrect Cash Receipt
Reverse an Applied Credit
Apply a Discount
Time-Saving Tips
Enter Cash on a non shipped/produce order
