Modify Company Information allows you to set Accounts Receivable options for your currently selected company.
- Select the Accounts Receivable Type:
- Open Item: Payments are applied to specific invoices. When Open Item is selected, statements print with any open invoices listed. This also allows you to auto-distribute payments to invoices beginning with the oldest, similar to a typical "doctor's bill" statement.
- Balance Forward: Payments are applied to the remaining balance owed. Statements print an opening balance, the activity for the period selected in the date range, and an ending balance, similar to a typical "credit card" statement.
- Select whether you want to Print Invoices during the posting process.
- Select the Interface with General Ledger option to turn the interface with General Ledger on or off.
- Select Save Invoice Detail as Separate Invoices to cause each detail line to save as a different invoice.
- Select Duplicate Name on Entry to carry the bill-to and customer names forward to the next invoice. If this option is not selected, these fields are always blank for each new invoice. This option also affects both recurring charges and payment entries.
- Select Include Contract # on Invoice? if you want to enter a Contract # when entering invoices. This option also adds a Contract # field for filtering and viewing invoices on the Transaction Inquiry page and adds a Contract # field on the Body tab of the Modify Statement Design page.
- Review the Last Invoice # Used field, which displays the last used invoice number. You can manually change this value if needed.
- Click one of the following:
- Update: Saves all changes.
- Reset: Undoes all changes since the last time Company Information was updated.
- Cancel: Returns you to the main Accounts Receivable page without saving.
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