Chapter 21 - Processing Credit Payment for Agent Invoic

Process Overpayment of Outstanding Invoice(s) Method

• Go to Receive Payments Icon
• Select agent and enter payment info:
• At “DEP  TO ACCT” block, select Debit G/L account (i.e., 1090 Undeposited Funds)
• Place a check in CK block (if personal check applies)
• Enter check # of Agent’s check in “Check Number” block (if personal check applies)
• Enter amount of payment in “Amt Paid” block
• Allocate payment to invoice:
• Select Coins Icon in “Pay” block of each invoice to allocate payment up to $ amount of the invoice
• Do each invoice one at a time until all invoices have been paid
• Select “Post Payments” button to apply payments
• Select “Yes” at Over Payment Detected Screen to create a credit memo
• Select “OK” once payment successfully applied
• Select “Done” to complete process
• Process Payment from Agent’s Commission Check
• At Deduction Calculation Screen
• After verifying agent’s commission check info (placing a check in the Verify box)
• Select “Agent Receivables” button
• Verify/enter amount to be paid in the “Amt Paid” block
• Note 1:  Increase amount paid if agent desires to overpay
• Note 2:  Cannot use Auto Allocate if overpaying
• Allocate payment to invoice:
• Select Coins Icon in “Pay” block of each invoice to allocate payment up to $ amount of the invoice
• Do each invoice one at a time until all invoices have been paid
Select “Post Payments” button to apply payments
• If overpaying, select “Yes” at Over Payment Detected Screen to create a credit memo
• Select “OK” once payment successfully applied
• Select “Done” to complete process