Understanding Speed Receipts

As an alternative to entering standard receipts, you can use the Speed Receipts Entry program (P03B0001) to quickly enter high-volume, simple receipts. When you use Speed Receipts Entry, you are not required to match receipts to invoices or even apply them to a specific customer's account. You can enter receipts with the minimum amount of information to speed the recognition of cash in the general ledger.

The system creates records in these tables when you enter speed receipts:

• F03B13

• F03B14

You cannot review or revise receipts using Speed Receipts Entry; you must use Standard Receipts Entry.

After you enter receipts using Speed Receipts Entry, you must post them to the general ledger to update the appropriate bank and A/R trade accounts.