I know there is an A/R Refund feature; however it's just too restrictive to be generally useful. I would like to have 'Payment' and 'Prepayment' in the A/R Receipt entry screen instead - 'Payment' would require to be applied to existing document(s), 'Prepayment' would be 'on account', with optional apply details similar to existing prepayment option but, obviously, as a payment and not a receipt.

The existing A/R 'Prepayment' option should be renamed to 'Prereceipt' (or 'Receipt on Account' or whatever), because, well - it's a RECEIPT and NOT A PAYMENT. There is a distinction. Correct terminology is important for effective communication and giving things the wrong names looks unprofessional.

by: Paul C. | over a year ago | Financial Management