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MAS 90/200 - Credit Card Payment against Open Invoice
Balance:
- Create a Misc., Charge Code in S/O Miscellaneous Charge
Maintenance for Credit Card Payments (which Sales Account
is used does not make a difference).
- Make sure that the Payment Type for the credit is debiting
the proper merchant Account within the asset section of
the balance sheet.
- Enter an Invoice Type of "Debit Memo" from
within S/O Invoice Data Entry.
- Enter the invoice to be paid in the Apply to Inv # field.
- Enter the Credit Card Payment Misc. Charge Code as a
line item in the invoice at $0.
- Enter the Credit Card information on the totals tab with
the amount to be paid against the invoice.
- Update the Daily Sales Order Sales Journal.
- The credit card payment amount can be viewed on the customer's
invoice detail.
- The credit card payment amount will still need to be
transferred from the Merchant Account to the Checking Account
via a G/L Transaction Journal Entry, upon notice that the
funds have reached the bank account.
MAS 90/200 - Prepaid Payables/Accounts Payable:
- Enter Manual Check.
- Input invoice, using an "self-defined" invoice
# (this example uses the check date) with a recommended
"PPD" on the invoice to identify it as a prepaid
invoice.
- "Is this a new invoice?" will be asked. Answer
"Yes".
- Accept the amount.
- Input the prepaid asset account number and accept the
G/L distribution.
- Update the Manual Check Register.
- The vendor maintenance or inquiry invoice tab will show
the prepayment.
- Upon the receipt of invoice, enter the invoice into A/P
invoice data entry, entering the pre-paid invoice number
into the "Pre-paid Invoice" field.
- Enter the appropriate pre-payment information.
- In the Lines tab, enter a negative amount against the
prepaid asset account and a positive amount against the
account to debit.
- The Vendor Maintenance or Inquiry Invoice tab will show
the application.
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