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To apply cash/check payments

When a cash/check payment is applied 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 applied to the prepaid account specified in default accounts in AR system setup. Cash or check payments are usually deposited immediately and considered as "cash on hand." When the order is subsequently invoiced, the prepaid account is debited and the income account specified for the product code is credited.

See Also

Cash Handling in Order Processing

To apply credit card payments

Controlling the recognition of credit card entries in batches


ASI logo 10.6 Production Release. Updated 1/19/2006 3:02:57 PM
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