Entering Miscellaneous Transactions
Non-invoice related transactions such as investment and interest income are known as Miscellaneous transactions in Receivables. Use the Receipts or Receipts Summary window to enter your Miscellaneous transactions.
You can enter transactions in any currency defined in the system if you have at least one remittance bank account whose Receipts Multi-Currency flag is set to Yes. If no such bank account exists, you can only enter transactions in the same currency in which bank accounts exist.
Prerequisites
To enter a miscellaneous transaction:
1. Navigate to the Receipts window.
2. Choose a Receipt Type of 'Misc.'
3. Enter transaction information, including Receipt Number, Currency, Receipt Amount, GL Date, and Payment Method. The batch GL Date provides the default GL Date. If there is no batch information, the default is the current date. However, if the current date is not in an open period, the default is the last date of the most recent open period.
If the currency for this receipt is different from your functional currency, and you have not defined daily conversion rates, enter exchange rate information. See: Foreign Currency Transactions.
4. If you are not using automatic document numbering, enter a unique Document Number. Otherwise, Receivables assigns a unique number when you save. See: Implementing Document Sequences.
5. Enter the name of your receivables Activity, or choose one from the list of values. You can enter any receipt activity with a type of 'Miscellaneous Cash.'
6. To review the distribution set or account information for this activity, choose Distributions.
7. Enter the Tax Code for this transaction (optional). You can enter any predefined tax code with a type of Sales or VAT.
8. Modify the remittance Bank Account (optional). The payment method provides the default bank account, but you can change it. You can enter any bank account assigned to the payment method if the bank account is in the same currency as that of the receipt, or the Multi-Currency flag for the remittance bank is set to Yes.
9. Modify the Deposit Date (optional). The default date is the deposit date entered at the batch level or, if there is no batch information, the receipt date. You can change this value, but the deposit date cannot be earlier than the receipt date. The default receipt maturity date is the same as the deposit date.
10. Enter a Reference Type for this transaction (optional).
11. If you entered a Reference Type, enter the corresponding Reference Number. For example:
| Reference Type
| Reference Number
|
| Payment
| Check Number
|
| Payment Batch
| Payment Batch Name
|
| Receipt
| Receipt Number
|
| Remittance
| Remittance Batch Name
|
See Also
Miscellaneous Transactions Report
Receipts
Entering Receipts
