Entering payments and applying credits to invoices simultaneously
You can simultaneously enter a payment and apply a credit invoice. Suppose a job has a $500.00 credit invoice, a $1,000 invoice, and a $3,000 invoice. The client sends a payment of $3,500, the total amount due. You can apply the credit to either invoice, then apply the payment to the remaining balance.
To enter a payment and apply a credit to an invoice:
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1
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Open 3-3-1 Cash Receipts. |
- In the Account text box, enter the ledger account number for the cash account.
- In the Deposit# text box, enter the deposit transaction number.
- In the Date text box, enter the deposit date.
- In the Description text box, enter a brief statement about the transaction.
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3
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Do one of the following: |
- In the Client text box, enter the client number.
- In the Job text box, enter the job number.
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4
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Do one of the following: |
- Click the Contract Invoices tab.
- Click the Service Invoices tab.
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5
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Click the Display button. |
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6
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In the grid, do the following: |
- In the Paid cell, enter the total amount received.
- In the Discount Available cell, enter the amount of the discount.
- To apply the credit in the Paid cell of the credit invoice, enter the credit as a negative amount.
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7
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Repeat step 6 for each item. |
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8
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On the File menu, click Save. |
More resources
For additional online resources for Sage 100 Contractor products, visit the Sage Customer Portal. Use the portal to access the knowledgebase, chat online with customer support, or enter a customer support ticket.
For additional training on Sage products, visit Sage University.