Cash receipts grouping code

Payments grouping code is a cross-reference code that is used to group transactions within accounts receivable.

Typically, transactions are grouped with an event number that represents an allocation at a point in time. For example, if two invoices are cleared by one payment by the same allocation, that equals a single event:

Invoice 1: 100
Invoice 2: 200
Cash: 300

If the cash payment is allocated in two sessions, then there are two events:

Invoice 1: 100
Cash 1: 100
Invoice 1: 200
Cash 1: 200

A super event is required to link items that belong to several events. This super event number is known as a grouping code (GC). This code remains active until the value of all linked items, invoices, and cash, reaches zero as a result of all allocations, adjustments, and write-offs.

How Infor meets this requirement

In SyteLine, AR cash application processing requires that all transactions be fully allocated prior to posting (i.e. invoices, adjustments, writeoffs, etc.)

Although there is no grouping code ID, each payment header represents a group of allocated transactions.