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Cash Prepayments

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.

See Also

Benefits of Order Processing

Product-level Entities

Upsell, Cross-sell, and Replacement Items

Special Pricing

Automatic Handling Calculation

Automatic Freight Calculation

Inventory Valuation


ASI logo 10.6 Production Release. Updated 7/7/2005 10:10:20 AM
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