Miscellaneous Receipts

Enter miscellaneous receipts to record cash received that isn't related to receivables. This includes non-invoiced items, such as investments, interest, refunds, and stock sales.

Considerations for miscellaneous receipts include:

• Distributions

• References

• Tax

Distributions

The receivables activity that you assign to the miscellaneous receipt determines the default distribution set and accounting. The distribution set creates the default account distributions for the entered receipt amount.

References

Use the optional Reference section to identify the miscellaneous receipt as a payment, receipt, or remittance.

This table indicates the reference type and corresponding reference number that you can use to identify the miscellaneous receipt:

Reference Type	Reference Number
Payment	Check numbers recorded in Payables written from the same bank account as the remittance account entered for this receipt.
Payment Batch	Batch numbers of payment batches created in Payables that have the same bank account as this receipt.
Receipt	Receipt numbers that have the same bank account as this receipt.
Remittance	Remittance batch numbers that have the same bank account as this receipt.

Tax

If applicable, the receivables activity assigns a tax rate code to the receipt. The tax rate code is used to account for tax on miscellaneous receipts and designates the tax account to use for the tax amount.

You can update the tax rate code with another Sales or VAT tax rate code. You can update the tax rate and tax amount if the tax rate code allows changes to the tax rate.