Use this program to automatically apply credit memos and on-account documents to the oldest invoices in the open documents file. This program automatically reads through each customer’s invoices and if there are any credit memos and on-accounts, they are applied (beginning with the oldest invoice) to the invoices with due dates that fall before the cutoff date. If the program encounters customer invoices that are marked as ‘disputed invoices’ in AR Document Change F/M, it does not include those invoices for processing.
The register is printed displaying how the credit memos and on-accounts will be applied. Nothing is updated until you update the register after printing.
Register information includes the following: customer number, name, document number, entry date, old balance, amount applied, credit applied and new balance. Customer and report totals are also included.
Access this program by choosing Accounts Receivable>Cash & Credit Application>Automatic Credit Application Register.
Click field descriptions for information on each field.