Creating and Setting Entries to Post

In this topic, you will learn how to create and edit entries to post.

Steps:

1. Begin by navigating to the Payment Worksheet Action page.

    

   Click the Scroll Down arrow.

   Step 1

2. Click the Accounts Receivable menu.

   Step 2

3. Click the Payments menu.

   Step 3

4. Click the Apply Payments menu.

   Step 4

5. Click the Finalize Worksheet menu.

   Step 5

6. Click in the Deposit ID field.

   Step 6

7. Enter the desired information into the Deposit ID field.

    

   Enter "16".

   Step 7

8. Click in the Payment Sequence field.

   Step 8

9. Enter the desired information into the Payment Sequence field.

    

   Enter "1".

   Step 9

10. Click the Search button.

    Step 10

11. Use the Payment Worksheet Action page to:

     

    * Delete a worksheet or a payment group.

    * Select the posting option for the payment.

    * Create and review accounting entries.

    Step 11

12. Use the Create/Review Entries button to create accounting entries for the worksheet and display them on the Accounting Entries page, where you can review and modify the results.

    Step 12

13. Click the Create/Review Entries button.

    Step 13

14. Use the Accounting Entries page to review and create accounting entries for one pending item at a time.

    Step 14

15. The Accounting Entries status changes from "Incomplete" to "Complete" after you create accounting entries and the entries are balanced.

    Step 15

16. The Distribution Lines group box displays the individual accounting lines for a single pending item.

    Step 16

17. Use the Accounting Entries group box to view the accounting lines for a different pending item.

    Step 17

18. The Type field indicates the type of accounting line (for example, accounts receivable, user-defined, VAT, and so on).

    Step 18

19. Check to make sure that the debits and credits are balanced. View the total number of Lines for each pending item, the DR (debit), and the CR (credit). The Net must be 0.000 (zero) before you can post the group.

    Step 19

20. Click the Save button.

    Step 20

21. Click the Return To Previous Panel button.

    Step 21

22. Click the Action list.

    Step 22

23. Click the Batch Standard list item.

    Step 23

24. Click the OK button.

    Step 24

25. Click the Save button.

    Step 25

Congratulations, you have successfully learned how to create an accounting entry for an overpayment and set it to post.

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