ON ACCOUNT RECEIPT APPLICATION IN AR

[n.tijjani]

Hi

Please I would like to know the implication of applying a Receipt on Account when there is no invoice or Debit memo to apply to. Is the Receipt value going to remain in unapplied Receipt?

Thanks

Tijjani

[oteixeira]

Hello.

When you leave a receipt On Account it will appear in the "On Account Cash" when you query a customer's debt under /Collections/Aging.
It will also appear in the GL account you indicated for registering the On Account Receipts (Payment Methods). It will not appear under "Unnaplied" but under "On Account"

Octavio.