Accounts Receivable Payments
When a customer makes a payment on outstanding receivables, these can be processed in Finance > Receivables.
- scroll to the customer, or select the customer at the top to filter the grid.
- select
the transaction(s) for the customer to pay. (Any credits can also be selected to offset payment amount)
- click Process Payment
- select a Tender Option
- Confirm the total Payment amount
- click Process Payment
To make a partial payment, the payment amount on each transaction is editable. Make any adjustments before clicking process payment. The receivable on the transaction will be reduced by the payment amount.
Interactive Demo: Accounts Receivable Payment Process
Related Articles
Recording Receivable Payments
Receivable Payments Regular payment On the left menu click “Finance” and select “Receivables”. Locate the customer and select the receivable transactions and click on the “Process Payment” button: Select the GL Account, confirm the payment amounts ...Customer Account Payments
A simple way to accept customer payments is through the Customer > Account. Receivables can handle the more complex payment transactions. Payment on Account A customer can make a payment on account without identifying the transactions to pay. Just ...Accounts Receivable Corrections
To reverse the payment of an invoice that was paid in error, the payment can be removed from the system through the Customer record. Go to Customer's account, select Options tab, then uncheck Current checkbox. In the list below you will be able to ...Accounts Payable Payment Correction
If a payment was made in error on an accounts payable transaction, the payment can be removed and then re-entered correctly. To remove the payables payment; Go to Supplier > Account tab Uncheck Current checkbox Find the payment transaction if the ...Receivables
Receivables found under the Finance menu option will show all customer's outstanding transactions including any credits applied to the customer's account. These are displayed in aging buckets; Current, 30-60, 60-90, and 90+ days. From this screen you ...