4. The Accounts Receivable – Payment Transfer form is displayed.

5. On the form click to select a transfer destination; Out Of System, Different Account for Selected Name/Tax Map Number, or Selected Accounts.

Full payment transferred

If the Full payment transferred option is checked…

In the Original Payment Information, the Amount listed is for the selected AR_ID, which is not necessarily the full payment. If Full payment transferred checkbox is checked, in the Transfer Information section, the Transfer Amount is updated to reflect the full payment amount, including all AR_ID’s attached to the payment. The same is done to the Remaining Balance in the Transfer Destination area.

Changing a Payment transfer

Example: When a Payment only deletion is permitted.

Do not transfer late charges (Just transfer credit amount)

When the Do not transfer late charges option is not selected, i.e. the default, both the principal and interest are transferred.

When the Do not transfer late charges option is selected, only the principal is transferred. This option is useful if the penalty and interest are calculated separately. There was a client that had that need.

Scenarios

Over-payment with Interests and penalties

Preparation

In this scenario, we have a balance of 400$. We add 100$ interests, 100$ penalties and add an extra 100$ to the now 600 balance which make the total amount 700$. Post the payment.

Test Do not Transfer late charges for a full Payment transfer

Result on Source Account. The result seems wrong since only 400$ should have been transferred.

Result on Target Account.

Transfer Full Payment Option

Target Account Results

Source Accounts Result

Do not transfer late charges for a partial payment

Source Account Result

Target Account Result