Accounts Receivable Unapplied Cash & Credits How to Apply Unapplied Items-Accounts Receivable
How to Apply Unapplied Cash & Credits - Accounts Receivable (continued)
Applying an Unapplied Item using the "Other" Options
Applying Unapplied Cash
Unapplied Cash may be applied to a Miscellaneous G/L Account, Advance Deposit, or a Refund Check.
Apply to a Miscellaneous G/L Account
1. The Apply Date will default to today's date; the User may override this to any date that is in an open accounting period, but not prior to the date the Unapplied Cash Item was created.
2. From the Other tab of the Apply Customer Credit form, select the checkbox to the left of the Miscellaneous option.
3. Select the appropriate G/L Account from the drop-down list or the User may press the G/L Lookup button to the right of the field to open the Chart of Accounts list; the list may be sorted in G/L Account, Description or Account Type order by pressing the desired name of the column header.
4. Select the appropriate Category Code.
5. The Amount field will automatically fill in with the entire amount of unapplied cash available. The User may change this to a lower amount if desired.
6. When finished, press the Save button located at the lower right of the form to complete the transaction.