Customer Receipt Transaction Type

A customer receipt is payment made to a you by a customer for goods or services that you have provided.

This topic covers how to setup a Customer Receipt Transaction Type.

All of these fields and tabs are explained in detail in the Transaction Type topic, here.

What you'll find on this page

• Start here

• Transaction Types

• Accounting Setup

Start here

1. Navigate to Setup > Transaction Types > Edit.

2. Click Add. A new record will appear at the bottom of the screen. You will note that some fields are auto-populated already.

Transaction Types

The defaults for Transaction Types only require a small amount of change. The only fields to change are:

1. Description - Enter 'Customer Receipt'.

2. Code - Enter 'CR'. This is the 'nickname' of the Transaction Type.

3. Contacts - Select Customers - All. This is so that users can create a Customer Receipt for all Customers on the database.

4. Staff - Select Rep. This is so that commission can be allocated to the correct sales rep.

5. Accounting - Check the box. This allows Customer Receipt transactions to debit or credit specific accounts

Accounting Setup

Because this Transaction Type affects accounting, we need to setup which accounts are credited and debited by this Transaction Type.

Navigation

Setup > Accounting > Transaction Types > Customer Receipts.

The only fields you need to change are the following:

1. Dr Category- Select 'Bank'. This determines what Account Category will be debited by default. 'Bank' will then debit the bank account by default on the Transaction.

2. Dr Account - Select 'Bank - Detail'. This specifies the account that will be debited.

3. Cr Category- Select 'Receivables' as you are crediting the Customer's Account (reducing total outstanding).