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I have created cash receipt for amount USD 500. Posted it to GL.
Applied receipt against invoice for amount USD 300.
I am not able to see any new Journal getting posted for Cash Application. Is it expected behavior in Dynamics GP. Or am I missing some step.
Thank you,
Partha
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There is no ledger entry created corresponding to applying cash receipt to an invoice. Now if you had an invoice for $500 and applied a payment of $300 and wrote off the remaining $200 that would result in a debit to write off expenses and a credit to AR. If the $200 is just sitting there waiting to be applied to another invoice then no ledger entry is created as AR has already been credited.
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