Customer Prepayment - Revision history

Eliza at 01:50, 9 March 2011

2011-03-09T01:50:02Z

Eliza at 03:46, 2 March 2011

2011-03-02T03:46:08Z

Admin: Created page with " More Detail= Accounts Receivable Report Accounts Payable Report Accounts Receivable Notes Bulk Pay Suppliers Credits [[Custome..."

2011-01-18T05:56:41Z

Created page with "<menu name=myMenu align=center> More Detail= Accounts Receivable Report Accounts Payable Report Accounts Receivable Notes Bulk Pay Suppliers Credits [[Custome..."

New page

<menu name=myMenu align=center>
More Detail=
[[Accounts Receivable Report]]
[[Accounts Payable Report]]
[[Accounts Receivable Notes]]
[[Bulk Pay Suppliers]]
[[Credits]]
[[Customer Payment]]
[[Customer Payment List]]
[[Customer Prepayment]]
[[Customer Prepayment List]]
[[Payments Reports]]
[[Print Recipient Created Statement]]
[[Print Statements]]
[[Received Bulk Payments]]
[[Statements List]]
[[Supplier Payment]]
[[Supplier Payment List]]
[[Supplier Prepayment]]
[[Supplier Prepayment List]]
[[Unpaid Bills]]
</menu>
== Overview ==

@@ Line 21: / Line 21: @@
 [[Unpaid Bills]]
 </menu>
-== Overview ==
+== Overview  ==
-This button is used to account for payments received from customers, prior to the completed transaction. This will
+This button is used to account for payments received from customers, prior to the completed transaction. This will create a current liability as it is revenue earned from a transaction that is yet to be completed. Hence the money received has not yet been earned. It is important to differentiate between revenue that has been received, and those that have been received but have not yet been earned i.e. no invoiced transaction, to ensure the flow-through to the accounts is appropriately.
 create a current liability as it is revenue earned from a transaction that is yet to be completed. Hence the money
 received has not yet been earned. It is important to differentiate between revenue that has been received, and those
 that have been received but have not yet been earned i.e. no invoiced transaction, to ensure the flow-through to the
 accounts is appropriately.
-After entry, Customer Prepayments appear in the customer payment list and can be offset against invoices as they
+After entry,[[ Customer Prepayments]] appear in the [[customer payment list]] and can be offset against invoices as they are generated.
 are generated.
 '''How to Enter a Customer Prepayment'''
-*Select the '''Customer Prepayment''' button and the Customer Prepayment screen will display.
+*Select the '''[[Customer Prepayment']]'' button and the [[Customer Prepayment]] screen will display.
-*Select a''' customer''' from the dropdown menu, highlighted as above
+*Select a'''customer''' from the dropdown menu, highlighted as above
 *Fill in the '''payment amount, payment date, Payment method''' and '''Bank Account''' as well as any other
-relevent information.
-*Select '''Save''' in the lower left hand side when you have entered all relevant information.
-'''NOTE''':  Customer, Bank Account and Payment Method are mandatory fields.
+relevent information.
-Currency Code	The currency which will be used for this transaction
+*Select '''Save''' in the lower left hand side when you have entered all relevant information.
-Payment date	Date the payment was made
+'''NOTE''': Customer, Bank Account and Payment Method are mandatory fields.
-Payment method	Means of Payment used (i.e. cash, direct debit, credit card)
+Currency Code The currency which will be used for this transaction
-Reference Number	Manually entered reference number
+Payment date Date the payment was made
-Exchange Rate	Used for transactions carried out in Foreign Currency
+Payment method Means of Payment used (i.e. cash, direct debit, credit card)
-Department	Allows you to attach the Department to which the transaction relates in order to track
+Reference Number Manually entered reference number
-				profitability / productivity
-Bank Account	Assigns the Account to which funds will be transferred (undeposited funds by default)
+Exchange Rate Used for transactions carried out in Foreign Currency
-When dealing in foreign currencies, the customer must be setup to allow for this. Currencies must be made active
+Department Allows you to attach the Department to which the transaction relates in order to track profitability / productivity
 with current exchange rates entered.
 Currencies may be made active within the 'General' Section, under the 'Foreign Exchange List'

← Older revision		Revision as of 03:46, 2 March 2011
Line 22:		Line 22:
	</menu>		</menu>
	== Overview ==		== Overview ==
		+
		+	This button is used to account for payments received from customers, prior to the completed transaction. This will
		+	create a current liability as it is revenue earned from a transaction that is yet to be completed. Hence the money
		+	received has not yet been earned. It is important to differentiate between revenue that has been received, and those
		+	that have been received but have not yet been earned i.e. no invoiced transaction, to ensure the flow-through to the
		+	accounts is appropriately.
		+
		+	After entry, Customer Prepayments appear in the customer payment list and can be offset against invoices as they
		+	are generated.
		+
		+	'''How to Enter a Customer Prepayment'''
		+
		+	*Select the '''Customer Prepayment''' button and the Customer Prepayment screen will display.
		+
		+	*Select a''' customer''' from the dropdown menu, highlighted as above
		+	*Fill in the '''payment amount, payment date, Payment method''' and '''Bank Account''' as well as any other
		+	relevent information.
		+	*Select '''Save''' in the lower left hand side when you have entered all relevant information.
		+
		+	'''NOTE''': Customer, Bank Account and Payment Method are mandatory fields.
		+
		+	Currency Code The currency which will be used for this transaction
		+
		+	Payment date Date the payment was made
		+
		+	Payment method Means of Payment used (i.e. cash, direct debit, credit card)
		+
		+	Reference Number Manually entered reference number
		+
		+	Exchange Rate Used for transactions carried out in Foreign Currency
		+
		+	Department Allows you to attach the Department to which the transaction relates in order to track
		+	profitability / productivity
		+
		+	Bank Account Assigns the Account to which funds will be transferred (undeposited funds by default)
		+
		+	When dealing in foreign currencies, the customer must be setup to allow for this. Currencies must be made active
		+	with current exchange rates entered.
		+
		+	Currencies may be made active within the 'General' Section, under the 'Foreign Exchange List'