Solution Properties
Solution ID:
240304191540697
Last Modified Date:
Mon Mar 04 14:15:40 UTC 2024
Taxonomy Path:
Case category//How do I...//processing
Author:
sageadmin
How to record an 'Other Receipt'
Description
At times, you need to record a payment that you don’t apply to an invoice. To do this, create an Other Receipt in the appropriate bank account to record the payment without issuing an invoice.

 

Some common reasons to create an Other Receipt are to record:

  • Daily register sales
  • Electronic payments made to your bank account
  • A sale to a non-regular customer
  • A one-time only sale
  • Refund cheques from the CRA

 

Cause
Resolution
  1. Go to Banking, then open the relevant bank account.
  2. Select New Entry, then select Sale/Receipt.
  3. Select the Other Receipt tab.
  4. Complete the required fields:
Customer
Enter or select a customer name. Select Add a customer to create a new contact.
Paid into Bank Account

Select the correct bank account. Review the displayed bank balance.
Method Select the payment method.
Date Received

Enter the date you received the payment.
Reference

Enter a receipt reference when required.
Amount Received

Enter the total receipt amount.
Tax rate for
Select the correct province or territory. The system uses your business province by default.
The system uses the customer's province when you select a customer.
Ledger Account
Select the income ledger account for the receipt line. The system uses default ledger settings when available.
Details

Enter sale details, such as purchased items.
Net

Enter the amount before tax.
Tax Rate

Select the correct tax rate for the transaction.
Tax Amount
Review the calculated tax amounts. The system recalculates Net and Total when you change a tax value. Update the Amount Received when totals change.
Total

Review the line total, including tax.
Total Net

Review the total of all net amounts.
Total Tax

Review the total of all tax amounts.
Total

Review the combined net and tax total.
Left to Record
Resolve any differences before saving. Adjust the Amount Received or receipt line values until the balance equals zero.
  1. Select Save or Save; Add Another.

Other guidance

  1. Use separate lines for different ledger accounts or tax rates.
  2. The bank account activity displays one combined transaction.
  3. Ledger accounts display individual transactions for each line.
Steps to duplicate
Related Solutions

Create an Other Payment.

Edit or delete an Other Payment/Receipt.