AR: How can i record in AutoCount if I received advanced payment from customer?

Question: How can i record in AutoCount if I received advanced payment from customer?

Version: 1.8 / 1.9 / 2.0

Answer:

There are 2 ways to record advanced payment received:

1.) AR Payment

Just create an AR Receive Payment as usual, do not knock off (means the amount will be an "unapplied amount"). You may later edit this entry and proceed with "knock off" once its related invoice is created.

2.) AR Deposit

To use AR Deposit Entry in Autocount, first of all you need to go to GL > Account Maintenance > Bank,Cash,Deposit, create a special account for Deposit under Current Liabilities (e.g. Deposit Received Account).

Secondly, create a new entry at A/R > AR Deposit Entry to record the advanced payment received, choose the Deposit Received Account and the related debtor.

Thirdly, when the related invoice is created, create an AR Receive Payment to knock off by choosing payment method "Deposit Received".The feature of AR Deposit Entry is only available in Basic edition or above.

Note:Please refer to [1] for more details.