Crediting a Payment to an Account

Credit a payment to an account to change the current balance of the account within the current billing schedule. Payments are similar in effect to adjustments, but are used to account for invoice payments made by customers.

To credit a payment to an account:

1. Click Accounts to open the Accounts module.
2. Select the account to which you want to credit a payment.
3. On the Payments tab, click Insert to add a new payment.
4. Enter the following details:

   Property	Description
   Date Effective	Date from which this payment will be applied. This must be within the current billing schedule.
   Amount	Enter the amount that was paid.

5. Click Save to save your changes.

If the effective date of the payment was the current date and time or earlier, the amount will be immediately applied to the account and the Total Owing will be changed accordingly.