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Cash and Check Payments

When you apply a payment of cash or check to an order, iMIS immediately recognizes the payment when the order is entered. A debit to the appropriate cash account is created, and a credit is made to the Prepaid account defined on the AR/Cash Default Accounts window (from AR/Cash, select Set up module, and click Default Accounts). Cash and check payments usually are deposited promptly and are considered "Cash on Hand." When you subsequently invoice the order, the prepaid account is debited, and the income account specified for the product is credited.

See Also

Understanding Cash Handling in Orders

Credit Card Payments

Back Orders and Batch Control


ASI logo 10.6 Production Release. Updated 7/15/2005 3:45:16 PM
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