Receive Customer Payments 1

Receive Customer Payments 1

Receive Customer Payments - Step 1 - Selection the bank or account you want the payment in. Then select the customer and payment type (e.g. check, EFTS(electronic funds transfer), enter the amount and check#. Your next screen will allow you to select the open AR to apply the payment to. After a payment is applied, the open invoice is removed from the open AR and AR is credited. The debit goes to unposted deposits. Mutliple payments can be grouped together into a single deposit which facilitate bank reconcilation.