Accounts Receivable Entry
Post and Review or Post – Depending how selected. the entry will post using the default accounts set in company settings or the customers default sales account. If review is selected the user can redirect all of the entry except the amount posted to accounts receivable. (Review of transaction requires user security setting)
Type – AR entry can be one of 6 types.
- Credit Memo
- Debit Memo
- Service Charge
- Write Off
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.
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.