Payment types

There are two types of payments: accounts receivable and non-accounts receivable. For the accounts receivable type payments, there are three states: assigned, unassigned, and unapplied.

This list shows the types of payments and states of accounts receivable payments:

• Assigned payment

  Assigned payment is a receipt where a customer has been selected, but the payment has not been applied to open items.

• Unassigned payment

  Unassigned payment is a receipt that has not been assigned to a customer.

• Unapplied payment

  Unapplied payment is a released payment assigned to a customer that is unapplied or partially applied to open items. Released or open payments can be unapplied, partially, or fully applied.

• Non-accounts receivable payment

  Non-accounts receivable payment is not associated with a customer or invoiced item. If needed, distributions for non-accounts receivable cash can be specified through a distribution code. Distribution codes are defined in the general setup on the Distribution Codes tab.