Down payments in billing

Cash down payments and electronic payment (EP) down payments are accepted in Billing .

These actions show the difference between cash and EP down payments:

  • The way they are displayed on an invoice
  • Application of the down payment in the solution
  • The way the Global Ledger posts the down payment information

This table shows the differences between the down payment types when you update the Billing transactions to the subsystems:

Cash down payments EP down payments
  • The gross amount is sent from Billing as an open invoice to Receivables.
  • The gross amount is posted from Global Ledger to the Receivables account.
  • You manually apply the down payment amount in Receivables.
  • Manually record the EP down payment in Global Ledger when the payment is received.
  • The net amount is sent by Billing as an open invoice to Receivables.
  • The net amount is posted by Global Ledger to the Receivables account.
  • The down payment is posted by Global Ledger to the EP Receivables account.