About A/R Payment Posting
Use these forms together to post A/R payments:
- A/R Payment Posting
- A/R Wire Posting
- A/R Draft Posting
- A/R Adjustment Posting
When you use one of the posting forms, the system verifies that the A/R account is defined. Therefore, you must define the default A/R account even if the payment you are posting does not post to this account. This action prevents you from posting blank account numbers to the journals. An error message is displayed if the default A/R account is not defined.
For A/R payment posting, if there are records that contain deposit dates, those dates are used as the journal posting date; otherwise, the system uses the Receipt Date. If the deposit date is later than the site's system date, records with those deposit dates are not posted.
Before you post payments, use the A/R Payments form to apply or distribute the payment amount to invoices, finance charges with balance due, non-A/R cash, or an open payment. You can do so manually using the button, or you can select to automatically distribute it.