Receipt classes, methods and remittance

Create a receipt class and set its creation method, remittance method and clearance method, explaining each. Create receipt methods under it — bank transfer and cheque. Assign the remittance bank accounts you built earlier, with the receivable-for-cash and confirmation accounts. Configure automatic receipt handling at a high level. Then enter a manual receipt and apply it to an invoice, and show an unapplied receipt and an on-account receipt side by side. The clearance method determines when cash moves from confirmation to cash — directly parallel to the clearing account in Payables, and the symmetry is worth pointing at rather than leaving to be noticed. Unapplied versus on-account is a real distinction controllers care about, so teach it properly: unapplied means we do not know what the money is for; on-account means we know the customer but not the invoice. They look similar on a screen and mean different things in…

In this module: Module 9 · Receivables

1. 1The order-to-cash picture
2. 2System options
3. 3Transaction types and sources
4. 4AutoAccountingFree preview
5. 5The customer model
6. 6Creating customers
7. 7Receipt classes, methods and remittance
8. 8Receivables activities and adjustments
9. 9End to end: invoice to cash
10. 10What breaks
11. 11Lab: full order-to-cash