Rice Lake TransAct 5.0 - Installation & Operation Manual - Manual (Page 224)

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8. Select Statement Options
. Apply Finance Charge
Print Balances on or Over (enter a dollar amount, minimum amount is
$1.00)
9. Select the Print Statements radio button.
10. Click the View button.
11. Select Yes to make a backup, verify the drive and directory for the backup and
click the Backup button.
12. An account list appears. Statements will be generated for the selected account.
Click the OK button to continue.
13. Use the arrow buttons to navigate through the statements and the printer button
to print the statements
14. Click the X in the right corner to close the report window
15. The Post button will now be active. If statements are correct and ready to be
sent, click the Post button. When statements are not posted right away, a
message will appear to indicate statements are available for posting. Select No to
not post statements and continue.
. NOTE: Step 12 is considered an exclusive process and must be completed when
all other computers are not accessing Transact. Typically this process takes only
a few seconds, but may take longer (up to 2 minutes) when the database is stored
on a shared server.
Receipts and Payments
Recording a Receipt
1. Select Accounting | Receipts and Payments
2. Select the Receipt radio button from the Receivable list
3. Select the Account from the drop-down list
4. Enter the receipt amount in the Receipt field
5. Enter a check number or other note in the Reference field (optional)
6. Change the date of the receipt if necessary
7. Select the Invoice to be paid by double clicking the N in the Pay column to
change it to a Y. OR Click the Auto Distribute button to automatically distribute
the payment starting with the oldest invoice.
8. Click the Save button
Recording a Credit