payment Archives - Ascent Solutions

Item Groups for AFP

Item Groups serve many purposes in Ascent. First of all, it is a mandatory field on the item master. You cannot create an item master record until there’s an item group referenced in that field. However, there’s an Admin Setting that will allow you to circumvent this rule. An Admin Setting called “Set This Item […]

Pay – Sales Invoice

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 […]

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, […]

Cash 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. […]