Cash and check prepayments are recorded immediately at order entry. These prepayments offset a prepaid order's unearned or deferred income account. Credit card prepayments, however, may or may not be recognized as prepaid cash.
If you do not enable the Recognize Credit Card Order Payments as Prepaid Cash option on the AR/Cash Set up module window (from AR/Cash, select Set up module), credit card payments are not recorded until an order is invoiced.
When you ship and generate an invoice for a prepaid order, the prepaid order entry is reversed, and the income is recognized.
10.6 Production Release. Updated 7/7/2005 10:10:20 AM
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