Order

This field is available only if the payment type is Open Credit. Select the customer's order number to which the payment applies. The Prepaid field on the customer order header is updated with this amount.

When an open credit (deposit) is posted to the General Ledger, the Deposit account is credited and the Cash account is debited for the amount of the deposit.

After the invoice has been posted, the payment is reapplied, ensuring that the total amount is posted to the Sales account, but only the amount less the deposit is posted to the A/R account.

See About Customer Payments for information about reapplying an open payment.

For example, if a customer makes a $500 deposit on a $5000 order, then when the open payment is posted, this transaction is posted to the General Ledger:

Cash $500

Deposit $500

When the open payment is reapplied, this transaction is posted to the General Ledger:

A/R $500

Deposit $500