Saturday, December 15, 2018

A Cash Sale with Unapproved Payment status not showing in any Sales Report/Income Statement

If we check the GL Impact of the Cash Sale, it shows the correct Income account(s) yet the transaction is not appearing on any Sales report or in the Income Statement. Look at the GL Impact again and notice that the column for Posting is set to 'No'.

 

A cash sale transaction posted to Unapproved Customer Payment is tagged as a non-posting transaction. Thus, this does not have any financial impact at all.

 

To resolve this, the Account field in the cash sale has to be edited with the correct account and then check the Credit Card Approved or Charged Credit Card box. You can also select a different payment method other than credit card types. Once the status of the Cash Sale changed to either 'Not Deposited' or 'Deposited', it will already be available in Sales reports and Income Statement.  

 

9 comments:

  1. Can you go back and approve a payment from a closed month if the box was accidently left unchecked?

    ReplyDelete
  2. However, by drawing together a range of international literature about payment systems and how they are used by people and organizations of all kinds, six attributes of payment products appear to be most relevant to the choices that are made of both merchants and their customers alike*.소액결제현금화

    ReplyDelete
  3. being readied is the thing that will make the loan reimbursement appear to be somewhat less intimidating. 소액결제현금화

    ReplyDelete
  4. This comment has been removed by a blog administrator.

    ReplyDelete
  5. As we exit this recession and go into an expansion period in our economy, we find most of the small businesses, many of the medium-size businesses, and quite a few of the large corporations in dire-straights, and in a poor economic cash position. Still, there are some corporations which have done quite well and are hoarding cash, and they are ready to expand as soon as the market warrants an uptick in business activity. Cash Discount Agent Program

    ReplyDelete
  6. So you've hired a tradie to do a job for you - big or small. And they offer you a discount if you pay cash and don't take a receipt. Or, you hire them but ask for a discount if you pay cash. Cash Discount

    ReplyDelete
  7. There are many possible reasons for needing extra cash but no matter what those reasons are, selling gold jewellery that is just put away in a jewellery box and never looked at or used would be an excellent option. There would be no need to apply for a loan and then have to pay it back plus interest. There would be no need to have to ask a friend or relative to loan you money when you can get it quick and easy by selling gold jewellery online. pawn shops near me in phoenix az

    ReplyDelete
  8. Fantastic goods from you, man. I've understand your stuff previous to and you are just extremely fantastic. I really like what you have acquired here, really like what you are stating and the way in which you say it. You make it entertaining and you still take care of to keep it sensitive. I can't wait to read far more from you. This is really a tremendous site.
    cash for scrap cars gold coast
    cash for scrap cars brisbane

    ReplyDelete
  9. Is there a way to mass update unapproved payments? When we check the box it is requiring a P/N ref number. The P/N ref number is on the sales order but it did not transfer to the cash sale.

    ReplyDelete