Cash receipts

Requirement

Payments from customers can be done manually or in electronic format.

M3 solution

Two alternatives are supported by M3 for the cash receipt process in this country:

  • Manual process, using ‘Payment Received. Record’ (ARS110)
  • Bank statements, using ABS – Automatic Bank Statement

Configuration guidelines

Program ID Program name Description or comment
CRS075 Payment Term. Open

Define the required payment terms.

Note: Cash discount terms must be defined separately.
CRS076 AR Payment Method. Open

Define the required payment terms for cash discounts. We strongly recommend that you do not create a cash discount term that is blank.
CRS405 FAM Function. Open To recalculate the VAT share per VAT rate, set the VAT mt cash dis (VAT method - cash discount) field to 3.

We recommend that you set the Split pmt trans (Split payment transactions) and Split bank tran (Split bank transaction) fields to 3.

We strongly recommend that you define the sorting order from 11 to 16.