Applying AR Payments to Particular Lines: Generated Transactions
As you apply payments to particular lines of AR documents, you create and process payments. To update customer balances, the system generates the GL transactions described in the following sections.
Transaction Generated for an AR Invoice
When you create and release an AR invoice paid by line, the system generates the following general ledger transaction.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Accounts Receivable account | The customer's setting specified in the AR Account box on the GL Accounts tab of the Customers (AR303000) form | Document amount | 0.00 |
| Sales Revenue account | The customer's setting specified in the Sales Account box on the GL Accounts tab of the Customers form | 0.00 | Line 1 amount |
| Sales Revenue account | The customer's setting specified in the Sales Account box on the GL Accounts tab of the Customers form | 0.00 | Line 2 amount |
On the Financial tab of the Invoices and Memos (AR301000) form, the Batch Nbr. box shows the reference number of the GL batch. You can click this link to view the GL batch on the Journal Transactions (GL301000) form.
Transaction Generated for an AR Payment
When you create and release a payment that pays a invoice partially or in full, the system generates the following general ledger transaction.
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Checking account | The GL account related to the checking account specified for the payment method on the Allowed Cash Accounts tab of the Payment Methods (CA204000) form | Amount | 0.00 |
| Accounts Receivable account | The customer's setting specified in the AR Account box on the GL Accounts tab of the Customers (AR303000) form | 0.00 | Amount |
On the Financial tab of the Payments and Applications (AR302000) form, the Batch Nbr. box shows the reference number of the GL batch. You can click this link to view the GL batch on the Journal Transactions (GL301000) form.