Rice Lake TransAct 5.0 - Installation & Operation Manual - Manual (Page 225)

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1. Select Accounting | Receipts and Payments
2. Select the Credit radio button from the Receivable list
3. Select the Account from the drop-down list
4. Enter the amount to credit in the Credit field
5. Enter a note in the Reference field (optional)
6. Change the date of the credit 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
Reversing a Receipt
1. Select Accounting | Receipts and Payments
2. Select the Reverse Receipt radio button from the Receivable list
3. Select the Account from the drop-down list
4. Enter the receipt amount to reversed in the Reverse Receipt field
5. Enter a note in the Reference field (optional)
6. Change the date of the receipt if necessary
7. Select the payment to be reversed 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 most recent payment
8. Click the Save button
Reversing a Credit
1. Select Accounting | Receipts and Payments
2. Select the Reverse Credit radio button from the Receivable list
3. Select the Account from the drop-down list
4. Enter the credit amount to reversed in the Reverse Credit field
5. Enter a note in the Reference field (optional)
6. Change the date of the credit if necessary
7. Select the payment to be reversed 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 most recent payment
8. Click the Save button
Editing Transactions and Printing Reports
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