An accounts receivable payment is applicable when money is owed after a product has been delivered, or the specific customer is offered payment terms on their orders.
Please Note: We do not recommend pushing balances to Accounts Receivable before invoicing the items. Since we follow the Revenue Recognition principle its not truly a receivable until those items have been delivered to the customer. The proper procedure is to Generate invoice and then Pay and finalize to Accounts Receivable.
Click the Menu icon
2. Expand the Point of Sale menu
3. Select Orders
4. Create an order by selecting a customer and adding items
Note: Once you have created and saved an order, Click Save Order.
5. Click the Generate Invoice to record the sale and transfer of ownership to the customer. Invoicing Orders Process
6. Select the Payment Method - Accounts Receivable under the Pay and finalize option.
7. Click the Search Accounts Receivable magnifying glass to search for the accounts receivable customer or click Use Current Customer. If the customer does not have an AR account, depending on your permissions, you can create an account from the search screen.
8. Enter the payment amount in the Amount field
Note: Choosing either '+ Min Deposit' or '+ Balance Owed' will automatically populate the payment amount with the corresponding amount
9. Enter the Buyer Name and Buyer Id in the Buyer Name and Buyer Id fields if required
10. Click Process Payment
11. The payment will now be reflected in the Payments Made section of the payment breakdown