When processing cash receipts it would be very beneficial to be able to specify the write off amount, GL account, and comment when posting cash receipts. Furthermore it would be even more beneficial if multiple write off amounts, GL accounts, and comments could be entered for each invoice cash is being applied to.

The comments should make their way into the GL transaction !

Very often customers take additional agreed to "allowances" beyond the allowed standard discount allowed.

The same ability for discounts would be helpful. This would allow companies to spread large discounts among multiple GL accounts without having to do additional GL journal entries after the cash receipts

by: James S. | over a year ago | 1 - Financial Management