Post Collections


Accounts Receivable Menu -> Bad Debt Write-Offs -> Post Collections

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:

POST ALL BATCHES
Check this box to post all Collections records for all batches.

Uncheck this box to post just a specific batch of Collections records.

BATCH CODE
Leave this field blank for the Unassigned Batch, or type in the preferred Batch Code, or select a Batch from the drop-down list.
Batch codes can be setup in A/R Invoice Batch Codes.

Note: The ability to print and post all batches respects the Posting By Batch Control flag as set in the Company Posting Parameters.


Finished?
A printer can be selected from the Printer option located on the menu bar at the top of the screen.

Click the ACCEPT button to begin printing the report, or CANCEL to abort.


POSTING Confirmation
Review the report.

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.


Topic Keyword: ARBC05
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