Payments / Prepayments

Use the Entering Prepayments option to enter payments received, which records payments and prepayments. Payments may be applied to specific invoices, to a customer's oldest balance, or left on hold, to apply payments from hold , which applies payments from "hold" to selected invoices or to the oldest balance, and to apply generic prepayments to selected invoices after the invoice process has taken place.

The Reclassify Unapplied Prepayments option changes the classification of a prepayment from a specific application type to a generic application type or back to its original type.

The Reverse Payments/Applications option reverses any payment, prepayment, or credit application.

Learn more about Payments and Prepayments feature:

• Entering Prepayments
• Applying Payments
• Reversing a Payment
• Viewing and Editing Existing Payments
• Reclassifying an Unapplied Prepayment
• Moving a Payment on Hold to a Prepayment
• Transferring a Prepayment to Another Location
• How to Take Credit Card Payments
• How to Sell Gift Certificates in AGRIS
• How to Handle Returned Checks
• How to Apply a Negative Payment to a Positive Payment
• Disabling Auto Apply Payments in ACR