Cash application

After payments have been created in the system, select the payments and apply them to open items.

Depending on how your business processes payments dictates the forms that you use to apply the cash. Open items are fully applied or partially applied. Discounts or other deductions are granted, and chargebacks are created. Payments are conditionally overapplied, with a balancing chargeback generated. Payment write-offs are also created during the cash application process.