We are new to using Accounts Receivable. We have created an invoice and printed it. How do we post the invoice details to the Fund Accounting ledger without physically entering the information again into the software?
I do not find "post transaction" command anywhere on the menu.
Accounts Receivable - posting invoices to Fund Accounting
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Re: Accounts Receivable - posting invoices to Fund Accountin
"Post Payments to Paid Items File & Fund Accounting", of course this happens after the invoice was paidpessner wrote:We are new to using Accounts Receivable. We have created an invoice and printed it. How do we post the invoice details to the Fund Accounting ledger without physically entering the information again into the software?
I do not find "post transaction" command anywhere on the menu.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.
Re: Accounts Receivable - posting invoices to Fund Accountin
11/3/2015 - Thank you Neil.....to confirm my understanding...None of the invoice detail posts until the payment is posted -- is that correct?NeilZ wrote:"Post Payments to Paid Items File & Fund Accounting", of course this happens after the invoice was paidpessner wrote:We are new to using Accounts Receivable. We have created an invoice and printed it. How do we post the invoice details to the Fund Accounting ledger without physically entering the information again into the software?
I do not find "post transaction" command anywhere on the menu.
Re: Accounts Receivable - posting invoices to Fund Accountin
As far as I know, unless you add a payment to the invoice, nothing will be posted over to Funds Accounting. Just tested that here. Created an invoice, saved it, tried to post, system said there was nothing to post.pessner wrote:11/3/2015 - Thank you Neil.....to confirm my understanding...None of the invoice detail posts until the payment is posted -- is that correct?NeilZ wrote:"Post Payments to Paid Items File & Fund Accounting", of course this happens after the invoice was paidpessner wrote:We are new to using Accounts Receivable. We have created an invoice and printed it. How do we post the invoice details to the Fund Accounting ledger without physically entering the information again into the software?
I do not find "post transaction" command anywhere on the menu.
I then made a payment on the invoice, tried to post, and the system showed that the invoice payment was being processed.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.
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Matt
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Re: Accounts Receivable - posting invoices to Fund Accountin
Just as a side note, the reason PowerChurch doesn't post anything to Fund Accounting until a payment has been applied against the invoice is because PowerChurch is set up as a cash basis system. So income is recognized when the cash is actually received, not when the invoice is created.