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Customer Prepayment and Application

thread641-623443

Customer Prepayment and Application

Customer Prepayment and Application

(OP)
I posted 3 checks as prepayments to customer deposits account from "Receipts".  Now I want to Invoice the customer and apply the prepayments to reduce the net amount owed.  It appears my only option is to apply "Amount
Paid at Sale" which would deposit the same receipt to the bank account a second time.  There must be another way to do this.

Rich Berkowitz
rjberkowitz@mail.com

RE: Customer Prepayment and Application

The way we work around this issue is to

1) Go into the receipts screen after the invoice is posted and select both the prepayment and the invoice to zero out.  We use the reference of Zero Out-MMDDYY.

2) Post the receipt at the same time of invoice.  It will only show up once in the cash receipts journal but you cannot access it from the receipts module.

RE: Customer Prepayment and Application

(OP)
Thanks for the reply.  It took care of the problem, but I can't believe Peachtree doesn't have a more logical way of handling prepayments.

Rich

RE: Customer Prepayment and Application

Peachtree has never been logical!

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