Receipts

The receipt document is used to enter payments made by customers and miscellaneous amounts received direct to Ledger accounts. There are two phases to a receipt entry. The first is the entry of the receipt details. In this section of the screen you can enter the receipt amount, customer details, payment details and date. Users with credit control privileges can also review a credit stopped customer at this time. The second phase of a receipt is the allocation of the receipt total against transactions, either in the customers account or direct to ledgers. Discount taken by a customer can be entered in either phase. The discount may be entered as either a percentage or a dollar amount.

You will note that because of this two phase approach it is possible to take receipts at a point of sale (remote or local) without the need for access to the debtor details. Thus a receipt can be printed and banked prior to its being allocated against transactions.

Related Topics:

• Receipt Allocation