SmartFusion Modules > Accounts Receivable

Recent Changes: 
6.88
- Removed validation on the transactions in AR where the system was trying to match what is on the charge transaction to what is on the payment transaction

6.02
- Added required [Charge code to distribute to] option for payments.
- Fixed type selection to allow only a single selection.
Transaction Code

6 digit code describing the type of transaction.

Description

A short description to describe the transaction in more detail.

Types
  • Payment
  • Deposit
  • Charge
Ledger Accounts

Debit Account: The left side of a balance sheet.
Credit Account: The right side of the balance sheet.

Other Options

Subject to penalty

The transactions associated with this code will be subject to penalized. This only applies to non-payment transaction codes.

Apply payment priority

This is the priority used when Account Receivables is configured for balance forward. This will order the charges when applying payments.

Payment / Charge code to distribute to

This option is only when "Distribute Payments" is enabled in the system settings.

For payments, this is a required setting. The transaction code will be used to reverse transaction distribution amounts. The selected charge code must be use the same debit and credit account but inverted. Meaning the charge code must use the payment's credit account as its debit account and the payment's debit account as its credit account.

For charges, this is an optional setting. The transaction code will be used when creating distributed payment transactions. If this is not set the original payment transaction code will be used.