Applying Payments to Open Entries on an G/L Account
From journals, such as payment journals, you can now use the Apply Entries action for G/L Accounts, as long as you have enabled Build Open Entries on that account.
Prerequisites
Enable Build Open Entries on the G/L Account Card for the account where you want to apply payments to open entries. You enable this feature in the Continia Finance FastTab.
To apply payments to open entries on a G/L account while posting
To apply payments to open entries, follow these steps:
- Go to the journal page where you want to apply payments to open entries for a journal.
- Select the journal for which you want to apply payments to open entries.
- In the action bar, select Apply Entries... to apply entries.
- When you're done applying line, you can select Post Application.
To apply payments with the Extended Application feature enabled
If you have enabled Extended Application on the Continia Finance Setup, page, you get the following when applying payments:
- Quickly Set Applies-to ID with one click on a checkbox
- See which entries have been applied to other IDs, with bold red italic text
- See remaining balance amounts for partial application in the Open Amount column
To apply payments to open entries on a G/L account after posting
You also have the option of applying entries after they've been posted if it wasn't done during posting. This is typically done through the ledger entries of a G/L account.
To apply payments after posting, follow these steps:
- Go to the G/L account on which you want to apply payments to open entries.
- Go to the General Ledger Entries for the G/L account.
- In the action bar, select Continia Finance > Apply Entries.
- In the action bar, select Set Applies-to ID.
- Select Post Application.