I've received a check from a customer. Part of the payment is to be applied to an A/R invoice but part of it is a non related payment. Can I process this all as one entry or do I need to inter the A/R part in the Cash Receipts window and the other part in Bank Transactions?
Thanks for any advice
*This post is locked for comments
I would enter the AR part as a cash receipt, using a sequence number to identify the same check, for example 12345-1. The non-related portion can be entered as a bank transaction and I would increment the sequence, for example, 12345-2. You should probably enter a transaction note to each transaction (AR and Bank) describing in detail how you went about it, to facilitate reconciliation later on.
Share
Report
All responses (
Answers (
26,225
