Use this procedure to apply EFT payments to an invoice in Accounts Receivable.
Preparation:
You will need the following information to post each entry:
- General Ledger Cash Account Number
- Deposit Date
- Payment Type
- Customer Number
- Check Number - used for reference number on EFT transactions
- Payment Amount
- Invoice Number(s) being applied
- Amount(s) being applied
How to apply EFT payments:
- On the WinTeam Main Menu, click Accounts Receivable, and then click Cash Posting.
- On the GL Cash Account box, type or select the account where the you will post the payments. For more information on GL Cash Accounts, see Learning about Default Cash Accounts.
- In the Deposit Date box, type the date when the payment will be deposited. After you select the GL Cash Account, the Deposit Ticket Total displays the running total of cash posted to that GL account. This amount resets to zero when you update the General Ledger.
- In the Customer Number box, type or select the Customer number from the list. After you select or type the Customer number, the amount you are posting displays in the Amount Left box. This amount remains until you have completed posting the payment.
- In the Payment Amount box, type the amount of the payment.
- In the Payment Type box, type or select EFT.
- In the Check Number box, type a reference number for the EFT transaction.
- Select the Apply? check box next to the invoice where you want to apply the payment. Once you click the Apply? check box, the payment moves from the Outstanding Invoices section to the Applied Invoices section.