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To fill and post a cash receipt journalĪ cash receipt journal is a type of general journal. If the application method is Manual, you always apply entries manually. If the Application Method field on the customer card contains Apply to Oldest, payments are applied to the oldest open credit entry, unless you manually specify an entry. For more information, see Create Bank Deposits.
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By using the Apply Entries action on the Bank Deposit page, and then entering the invoice number in the Applies-to ID field.By using the Set Applies-to ID action on a customer ledger entry.For more information, see Reconcile Customer Payments from a List of Unpaid Sales Documents. For more information, see Applying Payments Automatically and Reconciling Bank Accounts. The Payment Reconciliation Journal page.By entering information on dedicated pages:.You can apply customer ledger entries in several ways: For more information, see Late Payment Predictions.
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For example, if a payment is predicted to be late, you can adjust the terms of payment or the payment method for the customer. These predictions help you reduce outstanding receivables and fine-tune your collections strategy. You can enable the Late Payment Predictions extension, which uses a predictive model that we built in Azure Machine Learning to predict the timing of payments. If overdue payments are becoming a problem, we can help you reduce their frequency. On the Customer Ledger Entries page, red font means that the related payment is past its due date.