In apply credits screen you can enter both
customer and principle open credits.
An open credit is generated at the point a payment is entered
for an amount greater than the invoices due.
This screen allows you to apply that open credit to either a
principle or customer invoice.
When you select customer credits the list box
pertains to customers. If
you then select principle credits the list box changes to pertain to
When you select a particular principle or
customer the invoices on with amounts are due automatically appear
with the amounts due and the open credit amount for the particle
principle or customer will also appear.
To complete the open credits application enter the amount,
date, and reference information then apply the amount to the correct
invoices. You can select
the auto allocate button and the program will apply open credits to
invoices by due date or you can allocate the credits manually by
selecting the check mark next to the invoice.
To finish the transactions select the save button and the
program will clear the screen so you can enter another transaction.