Minimum Version Required: 22.01
Steps
How to edit the Auto-application Method
On the Universal Search Bar, search for Credit Terms
Arrow in to select a Credit term
Locate the Auto Application Method field and click the pencil icon to open it for editing
Select an option from the dropdown menu:
a. Manual - all applications are done by the user
b. Same Invoice or Same Amount - automatically applies if the invoice or amount of receipt is equal to the total invoice
c. Same Invoice - automatically applies if invoice matches, even if the receipt doesn't match
d. Same Amount - receipt will automatically apply to the oldest invoice of the same amount
e. Auto Apply - all receipts are applied to the oldest invoice first
f. Same Invoice and Same Amount - automatically applies if the invoice and amount of receipt are equal to the total invoice
Click the Save icon when complete
AR Accounts and Split Invoices with Credit Terms that are set to an Auto-Application Method of Same Invoice, Same Amount, or Same Invoice or Same Amount
Fields And Definitions
Auto Application Method - defines the logic used to auto apply for Payments from remittances based on the specified method:
Manual - all applications done by the user
Same Invoice or Same Amount - automatically applies if the invoice or amount of receipt is equal to the total invoice
Same Invoice - automatically applies if invoice matches, even if the receipt doesn't match
Same Amount - receipt will automatically apply to the oldest invoice of the same amount
Auto Apply - all receipts are applied to the oldest invoice first
Same Invoice and Same Amount - automatically applies if the invoice and amount of receipt are equal to the total invoice