If you enter a receipt amount on the Receive Money screen, Sage 50 will apply the receipt amount for you.
This is how it works:
- If the Apply to Invoices tab has focus, Sage 50 will look for an invoice amount that matches the receipt amount. If it finds one, it will select to pay that invoice. If it doesn't find a matching invoice amount, it will select to pay the first invoice that is due. If there is an amount remaining, it will select to pay the next invoice that is due and so on until the entire receipt amount has been applied.
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- If the Apply to Revenues tab has focus and the customer is set up with a sales tax code, Sage 50 will calculate the sales tax based on it being included in the receipt amount and enter it in the sales tax field. The remaining receipt amount will be entered as a line item. For example, if you entered $105.00 as the receipt amount and the customer is set up to pay sales tax of 5%, $5.00 will be entered in the sales tax field and $100.00 will be entered as a line item.
- If you are entering a receipt from a vendor, Sage 50 will enter the entire amount as a line item on the Apply to Vendor Account tab.
Note: If you don't enter a receipt amount, Sage 50 will calculate it based on the invoices you select to pay on the Apply to Invoices tab and/or the line items you enter on the Apply to Revenues tab.
If you are entering a receipt from a vendor and don't enter a receipt amount, Sage 50 will calculate the receipt amount based on the line items you enter on the Apply to Vendor Account tab.