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Hi,
Can any one elaborate the following terminology in Sales Order processing.
Differences between Credit Card Payment (Payment type 6) and Credit Card Deposit (Payment type 3) in Sales order processing.
what is the exact functionality of these payment types.
can any one please guide m on this.
if you have any reference links or examples, please mention them.
Regards,
Rasool
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I don't know how far you have got, researching this, the application help says the following:
Posting payments in Sales Order Processing
A payment amount on an order or back order won’t be posted until the order or back order is transferred to an invoice and the invoice is posted. Payment amounts will be posted to the Cash account and Sales account in General Ledger. For example, if you enter a $100.00 payment, the Cash account will be debited $100.00 and the Sales account will be credited $100.00.
You can change the posting accounts used for the payment after it is transferred to an invoice. If you enter a cash payment, the cash account from the Checkbook ID will be the default account. If you enter a credit card payment, the cash account chosen for the credit card will be the default account.
If you’re using Receivables Management, the payment won’t be listed in the Receivables Customer Inquiry window until the order or back order is transferred to an invoice and posted. Credit card payment amounts will not appear in the Customer Payment Summary Inquiry window.
Posting deposits in Sales Order Processing
A deposit amount on an order or back order will be posted immediately when you close the Sales Payment Entry window. Deposit amounts will be posted to the Cash account and Deposits Received account in General Ledger. For example, if you enter a $100.00 deposit, the Cash account entered in the Sales Payment Entry window will be debited $100.00 and the Deposits Received account entered will be credited $100.00. The Sales Deposits Journal will be printed when you close the Sales Transaction Entry window. This report displays the deposits entered for each order or back order and the General Ledger account distributions.
You can change the posting accounts used for the deposit. If you enter a cash deposit, the cash account from the Checkbook ID will be the default account. If you enter a credit card deposit, the cash account chosen for the credit card will be the default account.
If you’re using Receivables Management, the deposit won’t be listed in the Receivables Customer Inquiry window until the order or back order is transferred to an invoice and posted. The deposit amount will appear in the Customer Payment Summary Inquiry window.
If you remove a deposit, a reversing entry will be posted in General Ledger when you close the Sales Payment Entry window. The difference will also be reflected in Receivables Management.
If there was something specific you were wanting to know, then please expand on your question.
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