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Post QuickCash Execution Report

Receivables automatically generates this report each time you submit Post QuickCash or AutoLockbox. The report is printed in two sections. The first section contains detailed payment information for each receipt. The second section contains summary information for the receipt batch.

If another user selects the same batch before your request has completed, the system rejects the second request and the Post QuickCash Execution Report will display the message 'This batch has already been processed.'

If Post Batch uses other open amounts when applying a receipt (for example, a receipt, unapplied or on-account amount), Receivables marks that receipt with two asterisks (**) and prints the legend "Total applications from previous receipts" at the bottom of the report. This occurs when you are using either the 'Clear the Account' or 'Clear Past Due Invoices' AutoCash rule to apply receipts, since both of these rules consider all of a customer's open debit and credit items when applying receipts.

Detailed Section

Receivables prints the amount of the receipt that is applied to each transaction and the application type, such as partial application, on-account, or unidentified. This section also displays the remaining amount of the receipt.

If you use AutoCash Rules, Receivables displays the abbreviated AutoCash Rule code for the AutoCash Rule used. The AutoCash Rule Legend at the end of the report lists the rules in more detail.

If you are using the AutoCash rule 'Clear the Account,' Receivables prints two asterisks (**) next to receipts that do not belong to this batch. Receivables includes all open credit and debit items when determining the customers open balance for the Clear Account rule, so this may include partially applied or unapplied receipts on your customer account.

Summary Section

Receivables displays the status of this receipt batch. Statuses include Out of Balance and Closed. If the batch is out of balance, you can use the Difference Counts and Amounts to alert you to data entry problems.

Period information is displayed for the date you create the receipt batch, the batch GL date, and the batch deposit date.

In the Status Summary section, Receivables displays the total number, percentage, and amount of each receipt type included in this receipt batch.

In the Discounts section, Receivables displays the total amount of earned and unearned discounts taken for this receipt batch. See: Discounts.

In the Distribution section, Receivables displays the total amount of the receipts applied to line items, tax, freight, and receivables charges.

Attention: If your batch contains receipts in different currencies, the totals in this report would contain amounts in mixed currencies.

See Also

QuickCash

Running Post QuickCash

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