Clearing & Reconciliation for Misc. Receipts
Posted: Tue Apr 29, 2008 9:17 am
Hi
We are using a Receipt Class with
Creation Method - manual
Remittance Method - No remittance, and
Clearance method - by automatic clearing
When we prepare a standard receipt, the cash clearing account gets debit and then on clearing, the actual cash account gets debit
but, when we use miscellaneous receipts, the actual cash account gets debit directly.
The difference I am able to figure out in the 2 cases is that misc. receipts doesn't have any maturity date.
Please help in understanding why this thing happens
Thanks a lot
We are using a Receipt Class with
Creation Method - manual
Remittance Method - No remittance, and
Clearance method - by automatic clearing
When we prepare a standard receipt, the cash clearing account gets debit and then on clearing, the actual cash account gets debit
but, when we use miscellaneous receipts, the actual cash account gets debit directly.
The difference I am able to figure out in the 2 cases is that misc. receipts doesn't have any maturity date.
Please help in understanding why this thing happens
Thanks a lot