Accounts Receivable- How dors it Work

[SBCTrustee]

Hello Everyone,

I need help with understanding how the account receivables module works. I am an accountant so I would expect that when I first set up an account receivable for $1,000 the system would record a debit of $1,000 to account receivables and a credit to an income account of $1,000.

Therefore, this would be done through the (open invoice) selection on the menu. I do not understand how the system would know what account on my chart of accounts that I want to use.

When a payment is receive how do I select the account receivables account and the checking account number?

Thanks much for your help !!

Tom
Second Baptist Church, Ypsilanti

[Jeff]

You have to remember all of PC+ is designed to be a cash basis system. So when you record the invoice, no entry is going to be made to income. No transaction is recorded until cash is received.