Apply the Payment Monsoon

Owned by Mary Volkmer (Unlicensed)
Jan 03, 2020
2 min read

You will want to auto-apply the payment to outstanding invoices. This can be done at Auto Apply Credits, Jump 4124 (Receivables > Adjustments > Auto Apply Credits).

 To Auto Apply Credits:

  1. Access Auto Apply Credits, Jump 4124 (Receivables > Adjustments > Auto Apply Credits)

  2. Find or add the Auto Apply Credits description you wish to work with

  3. Select Include Only Selected Accounts and select AMAZON.COM

  4. Enter today’s date for the End Date and select the corresponding End Period

  5. Click Preview Report to view the credits being applied

  6. Click Start Auto Apply
    Note: During your AR month end procedure, you will want to purge applied payments each month.

 

Make any Necessary Adjustments

Due to rounding or other issues, you may need to adjust your AR balance to match the marketplace vendor account balance.  To enter an adjustment, go to Adjustments, Jump 231 (Receivables > Adjustments > Adjustments).

To create an adjustment:

  1. Access Adjustments, Jump 4123 (PrismCore > Accounting > Receivables > Adjustments > Adjustments)

  2. Click the Insert Record Button

     

  3. Enter information into the following fields, then click OK

     

  4. Allocate the adjustment to the correct invoice by right clicking in the invoice column in the detail grid.

  5. Post the adjustment by clicking on the Options hammer and choosing “Post Adjustment” from the menu