Accounts Receivable Transaction Types FAQ

Question: What are the different transaction types used in the Accounts Receivable module and how are they used?

Answer: The following table summarizes the different transaction types:

Type

Description

Invoice

This type is created when an invoice, debit memo, or credit memo is posted to accounts receivable.

Deposit

This type is created when a customer payment is entered in Deposit Entry.

Apply

This type is created when a customer payment is applied in Payment Apply or Open Item Apply and Resolve.

Chrgbck

This type is created when a chargeback is created in Payment Apply or Open Item Apply and Resolve.

Discount

This type is created when a cash discount is applied in Payment Apply.

Absorb

This type is created when an absorption is entered in Payment Apply or Open Item Apply and Resolve.

OnAcct

This type is created when a payment is left on-account in Payment Apply.

Writeoff

This type is created when an accounts receivable transaction is written off in Payment Apply or Open Item Apply and Resolve.

Finchrg

This type is created when a finance charge accounts receivable transaction is created in Finance Charge Apply.

Cash

This type is created when a miscellaneous (non-customer) deposit is entered in Deposit Entry. This is the type used for the cash account into which it was deposited.

Misc

This type is created when a miscellaneous (non-customer) deposit is entered in Deposit Entry. This is the type used for the general ledger accounts to which it was distributed.

NSF

This type is created in Non Sufficient Funds Reverse Deposit Entry. This is the amount of payment that was returned for non-sufficient funds (NSF).

NSFChg

This type is created in Non Sufficient Funds Reverse Deposit Entry. This is the additional amount being charged to the customer for processing/late fees associated with an NSF payment.

NSFForex

This type is created in Non Sufficient Funds Reverse Deposit Entry. This is the amount of any currency exchange gain/loss from an NSF transaction.