Invoice Payments: Generated Transactions
When you release a payment and its application, the system generates a general ledger batch to update the involved asset accounts with the payment transactions. The payment includes all the information the system needs to generate the batch. The following two accounts are usually involved:
- The asset account specified in the AR Account box on the Financial tab
- The cash account specified in the Cash Account box in the Summary area
The following payment transactions will be recorded to the general ledger when the payment is released.
| Account | Debit | Credit |
|---|---|---|
| Cash account | Payment amount | 0.00 |
| Accounts Receivable account | 0.00 | Payment amount |
You can view the batch details by clicking the link in the Batch Nbr. box on the Financial tab of the Payments and Applications (AR302000) form.