About A/R Posting

During posting, the system updates three types of records:

• Customer Master records
• Open Item records
• G/L Journal records

Following is a summary of the posting process:

• The system updates two fields of the customers file for each transaction posted.
• If the receipt date for the payment transaction is later than the last payment date in the Customers file, the receipt date becomes the new last payment date.
• The Customer Posted Balance amount is reduced by the payment amount and any discount or allowance you give to the customer.
• An Open Item record is created for each transaction being posted.
• A/R Ledger Distribution Journal records are created.
• For each transaction, there is one journal record for the cash amount and one transaction for each distribution record you enter.
• While posting payments, the system recalculates the Customer's Days Outstanding fields for customers with an Open Item Balance Method. The values change if the payments being posted fully pay an invoice.
• Multi-currency gains and losses are entered in the A/R journal (if applicable).