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Accounting in Acumatica
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September 15, 2020 5:06 pm
On the Sales Order PAYMENTS tab you have options for creating a payment or prepayment. Clicking either opens the Payments and Applications screen with the Type field populated with Payment or Prepayment. What does Acumatica do differently for these two types of payments other than the account that gets credited? Are there any constraints which dictate when each can be used?
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October 21, 2020 9:32 pm
The only difference that I'm aware of is related to Accounting.
The Type of Payment will credit the AR Account on the GL ACCOUNTS tab on the Customers (AR303000) screen.
The Type of Prepayment will credit the Prepayment Account on the GL ACCOUNTS tab on the Customers (AR303000) screen.