After entering the recovered money on Write-Offs in Collections, post the collection to the customer's account and to the General Ledger using this posting option.
The posting prompts are:
Uncheck this box to post just a specific batch of Collections records.
Note: The ability to print and post all batches respects the Posting By Batch Control flag as set in the Company Posting Parameters.
Click the ACCEPT button to begin printing the report, or CANCEL to abort.
Click NO if the paper jammed, or if corrections are required before re-posting.
Click YES if the Collections Posting Report printed correctly.
The posting to the customer's account and the General Ledger will
begin.
The posting results in an invoice appearing in the customer's
account equal to the amount of the collection payment.
Complete the Payment:
The collection payment can now be entered in Customer Payments to pay off the collection
invoice.
This journal could be stored with the A/R Invoice Sales
Journals.
Posting Control
The Post Collections program is designed to be run by one
operator at a time per batch.
Locking will occur if an operator did not exit the posting program
correctly.
A Posting Control Information warning
will appear on the screen and only operators with Security Role permission to reset the
Collections flag will have access to the RESET
button that unlocks the program.
Whenever the posting control flag for Post Collections is reset, a
record is written to the Delete Log for
the Function ARBC70A.
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