Creating cash application options
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Select .
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Click Create.
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On the Apply tab, specify this information:
- Application Review Required
- Select this check box if an audit listing is required before
applications can be posted to the Global Ledger.
- Discount Grace Days
- Specify the number of grace days that are added to the discount
date. Automatic discount is used during cash
application.
- Automatic Credit Apply
- Select this check box if automatic application can occur when you
cross reference an invoice or debit memo to a credit
memo.
- Application Post Date
- Select whether the default Global Ledger date for application records posting date
is the system date or the payment credit post date.
- Interface to Payables
- Select this check box to control the interface between Receivables, Payables, and the automatic vendor creation aspect
of this interface.
- Detail Payables Interface
- Select this check box to create detail records for Payables
interfacing.
- Tax Recovery on Discount
- Select this check box if a prorated amount of tax is recognized
from cash application discounting. This occurs on transactions that
have tax-based distribution records.
- Allow Zero Payment Adjustments
- Select this check box to allow zero payment
adjustments
- Past Due Discount Display
- Select this check box to display the past-due discount amounts during cash application.
- Over Application of Payment
- Select this check box to over-apply a short payment. This will
fully exhaust an invoice and create a chargeback for the unpaid
portion of the invoice.
- Third Party Payer
- Select this check box if third party payments are used and if
payment to open items are used.
- Open Balance Include Draft
- Select this check box to include BOE item balances If this field is blank, then BOE item balances are excluded.
- Default Vendor Class
- Select the code that represents a subset of vendors within a
vendor group.
- Prorate Gain Loss Amount To Distributions
- Select this check box to prorate the gain loss amount to
distributions.
- Apply Cash Across Receivable Companies
- Select this check box to apply cash across Receivables companies.
- Allocate Tax Point Payment
- Select this option to allocate tax rate change from invoice
date to payment date.
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Click Save.