Create entries for: A/R sales

Checked - creates G/L entries for A/R & Sales when invoices are updated

Unchecked - does not create G/L entries upon updating invoices, instead the entries go into General Ledger/#10 Entries for review. You can post them from there.

Create entries for: Record WO date for invoice date

Checked - when creating G/L entries to record the A/R, instead of putting the invoice date in the G/L Invoice Date field, it will put the WO Date in the G/L Invoice Date field.  (Note: The Effective Date of the G/L entries are still the date of the invoice) The G/L Invoice Date is usually associated with A/P and not with Invoicing. All A/R aging functions are all based on the entry’s effective date.

Unchecked – the Invoice date on the A/R entry is the same as the Invoice’s Invoice Date

Sales Journal

This is a required field. This is the journal number that will uniquely identifies the A/R entries generated by this module.

A/R Account

You can have multiple A/R accounts; however, this will be the default account when creating new invoices. It can be overridden on the entry screen.

Deferred Income Account

Filling in a deferred income account (normally a liability account type in the chart of accounts), allows you to have the ability to override the GL Effective date for each detail line item on an invoice by double-clicking on the part and entering a date range in the from/thru fields. This will cause the entries to flow through the deferred income account.

WIP Account

Rarely used. Specify account for WIP.

Record Discounts

Same as Sales will use the same account number for discounts and returns as sales.

Always use the 2nd Sales Account will use a separate account to record discounts.

Don't Separate Discount, Use 2nd Sales Account for Returns when the invoice line items is a negative quantity this will use a separate account to record returns.

The First Open Date for Invoicing:

Provides a close date for Invoices that will not allow Invoices to be dated prior to.