IET Create Receipt/Refund Batch
This form lets you create A/R Receipt or Refund batches from A/R invoices and other documents according to the configuration in the Inter-Entity Transactions Receipt Selection Code setup.
Create Receipt batch can create three types of batches:
A/R Receipt batches, Zero value A/R Receipt batches to apply documents and A/R Refund batches.
When creating A/R Refund batches, the process only includes Credit Notes and Unapplied Cash and Prepayments, in line with how Refund batches work in Sage 300.
How to use
The default values are determined by the Receipt/Refund Selection Code. You can amend the values for the specific receipt batch you need to create.
See IET Setup- Receipt/Refund Selection Codes
Step 1: Enter a Receipt/Refund Batch Date .
Step 2: Update the default batch and entry descriptions if required.
Step 3: Select "Create" to generate the batch.
The process displays a message with the batch number created and the number of entries.
If the process is unable to find documents within the selection criteria, it returns a message "Nothing to receipt".
Step 4: If the created batch is not auto-posted, you can edit the batches in A/R Transactions. When the batch is posted, you can use it in Create EFT File as if you had manually created the A/R Receipt or A/R Refund batch.
A/R Receipt batches
When creating A/R Receipt batches, Inter-Entity Transactions creates a new receipt and applies all the documents that meet the criteria selected. Invoices and the documents selected on the "Documents" tab are included.
A/R Receipt Batches - Zero value
This is used to match documents (invoices and Credit notes) to a receipt.
Note: If the customer's net balance is in credit, you can then use "Create A/R Refund batch" to create a refund applied to the pending credit transactions.
You need to select at least one of Credit Notes, Prepayments or Unapplied Cash on the Documents Tab.
When creating Zero value A/R Receipt batches, Inter-Entity Transactions evaluates the credit balance based on the selection parameters. Invoice and other debit balances are applied to the credit balance until the balance is zero.
If the credit balance is greater than the Debit balance, the most recent credit transaction will end up with a pending balance. If the debit balance is greater than the credit balance, the most recent debit transaction will end up with a pending balance.
See also
For details on the selection criteria, please refer to
