1. Using Receivables Credit to Cash
  2. What's the difference between account activity and transaction activity?

What's the difference between account activity and transaction activity?

Activity against a customer account refers to the transactions and payments that go into the details of the account.

Customer account activities include:

  • Invoice

  • Credit Memo

  • Debit Memo

  • Chargeback

  • Payment (receipt)

Activity against an individual transaction or receipt refers to the specific debits, credits, reversals, and adjustments that constitute the history of one receivables item.