Overview This document will serve to illustrate the process of applying multiple payments/credits against a specific invoice. Definition: Pay on the Sales Invoice screen allows you to apply cash entries and credits. Ascent can create the following records, depending on what option is chosen: The Applied Cash Receipts record consists of the amount applied, the […]
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Receive Payment – Sales Invoice
Overview This document will serve to illustrate the receipt of payment against a specific invoice. Definition: Receiving Payment on the Sales Invoice screen creates cash entries, as well as applied cash receipts records. Cash Entries consist of a single record, which records the account who provided the payment, the amount, the payment method (cash, Amex, […]
Continue readingMore TagGeneral Ledger Accounts
Overview General Ledger accounts are required in Ascent if you wish to create journal entries for each translation that has financial implications. Of course, you would need to have AFP (Ascent Financial Platform) installed first. To create a general ledger account, you would select the function GL Accounts: Then, select New at the upper […]
Continue readingMore TagCash Entries
Overview This document will serve as an overview of the cash entry functionality available to record a cash receipt, whether it be cash, check, or some other payment method, but not against a specific sales invoice. Definition: Cash Entries are objects/records in Ascent that serve as a framework for receiving payment for goods or services. […]
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