TI Code 2 (Balance Forward Receipt)
The balance forward method enables you to specify a beginning date from which to begin applying the receipt. The program applies the receipt to invoices in the order of oldest to newest. The system applies the receipt to invoices until the receipt amount is exhausted. If the receipt cannot fully pay an invoice, it applies a partial payment. If the amount of the receipt exceeds the amount of the invoices, the system automatically creates an unapplied receipt for the remaining amount. Later, you can apply the receipt to future invoices that you create for the customer. If the receipt does not fully pay an invoice, the system applies a partial payment to it. Alternatively, you can enter an invoice number to have the system apply the receipt to all the pay items for that invoice.
You can set a processing option to enable the system to take earned discounts when entering a balance forward receipt. The system compares the G/L date that you enter on the receipt to the discount due date to determine whether the discount is earned. The system takes earned discounts only when an invoice is paid in full. The Speed Receipts Entry program (P03B0001) does not allow you to change the discount amount; you must use the Standard Receipts Entry program (P03B102).