Example: Simple Invoice Match (Type Input Code 10)

You use type input code 10 when the receipt pays all or part of the invoice and you do not want to specify manual write-offs, chargebacks, or deductions. The system automatically takes any discount that is earned (that is, the GL date is on or before the discount due date). You indicate the amount of the invoice that the receipt pays in the Payment Amount field. If you leave this field blank, the system pays the entire open amount of the invoice, up to the receipt amount.

After you enter receipts, you must post them to the general ledger. When you post receipt records, the system debits the bank account for the amount of the receipt and credits the AR trade account that was used when the invoice was posted.