Accounts Receivable Entry
Type – AR entry can be one of 6 types.
- Credit Memo
- Debit Memo
- Invoice
- Payment
- Service Charge
- Write Off
Customer – Select a vendor to post to.
Date – The date for the transaction.
Terms – The terms given for this invoice.
Transaction no. – The assumed GL transaction number. If another transaction is posted after this number is assigned, then the transaction will be given the next available number.
Post Automatically – If checked the entry will post using the default accounts set in company settings or the customers default sales account. If unchecked the user can redirect all of the entry except the amount posted to accounts receivable.
Reference no. – Usually the invoice number.
Customer PO – Customer’s purchase order number,
Memo – The user can enter a memo for this entry.
Tax1 – Tax 1 for this transaction that is automatically calculated based on how taxes are set for this customer.
Tax2 – Tax 2 for this transaction that is automatically calculated based on how taxes are set for this customer.
Subtotal – Total before taxes.
Total – Total of the entry including taxes.