About receivable invoice types

Type

Description

1-Contract

Use type 1-Contract when the invoice affects the billing for the contract.

A receivable invoice assigned type 1-Contract increases the job balance, and a credit invoice with this type reduces the job balance.

2-Memo

Use type 2-Memo when the invoice does not affect the job billing for the contract.

For example, when you enter a job deposit as a credit invoice, assign it 2-Memo so that the credit does not affect the invoiced to date amount.

You can also use this type with bad debts. Entering a credit invoice assigned 2-Memo does not reduce the invoiced to date amount, but clears the debt.

Links to more information . . .

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.