AR Invoice Overpayment

Yahoo Archive
1
Try Modules > All Modules > Localization

--- In vantage@yahoogroups.com, "adamnoffie" <ygroups.adamleer@...> wrote:
>
> One of the accountants here is trying to apply a credit memo to a customer that likes to overpay. In Apply Credit Memo, he selects a Source Type of "Invoice Overpayments" but is met with an error:
>
> According to Company Configuration, AR Invoices cannot be overpaid.
>
> This got him thinking that allowing invoice overpayments might simplify some other processes for us as well.
>
> Our question is, where in Company Configuration (or Epicor in general) can you turn on AR invoice over-payment as an option? We looked at Modules > Finance > Accounts Receivable in Company Configuration, but nothing jumped out at us as the obvious choice.
>
>
>
> Thanks,
> Adam
>
2
One of the accountants here is trying to apply a credit memo to a customer that likes to overpay. In Apply Credit Memo, he selects a Source Type of "Invoice Overpayments" but is met with an error:

According to Company Configuration, AR Invoices cannot be overpaid.

This got him thinking that allowing invoice overpayments might simplify some other processes for us as well.

Our question is, where in Company Configuration (or Epicor in general) can you turn on AR invoice over-payment as an option? We looked at Modules > Finance > Accounts Receivable in Company Configuration, but nothing jumped out at us as the obvious choice.



Thanks,
Adam
3
Right from the epicor Help:

1. Navigate to System Management > Company Maintenance > Company.
2. Navigate to the Modules > All Modules > Localization > Detail
sheet.
3. In the Localization field, select Romania.
4. Under AR Invoice Overpayment, select Allow Invoices to be
overpaid. This allows the over-allocation of cash against an invoice,
leaving it with a credit balance. The overpayment is left as a balance
on the same chart of account (usually AR Chart of Account) as if it were
an invoice. AR Apply Credit Memo and Write-off, and Adjustment routines
allow application or write-off of an invoice overpayment.





From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of adamnoffie
Sent: Wednesday, August 07, 2013 10:22 AM
To: vantage@yahoogroups.com
Subject: [Vantage] AR Invoice Overpayment





One of the accountants here is trying to apply a credit memo to a
customer that likes to overpay. In Apply Credit Memo, he selects a
Source Type of "Invoice Overpayments" but is met with an error:

According to Company Configuration, AR Invoices cannot be overpaid.

This got him thinking that allowing invoice overpayments might simplify
some other processes for us as well.

Our question is, where in Company Configuration (or Epicor in general)
can you turn on AR invoice over-payment as an option? We looked at
Modules > Finance > Accounts Receivable in Company Configuration, but
nothing jumped out at us as the obvious choice.

Thanks,
Adam





[Non-text portions of this message have been removed]
4
Thanks Bill!

--- In vantage@yahoogroups.com, "Turgeon, Bill" <bturgeon@...> wrote:
>
> Right from the epicor Help:
>
> 1. Navigate to System Management > Company Maintenance > Company.
> 2. Navigate to the Modules > All Modules > Localization > Detail
> sheet.
> 3. In the Localization field, select Romania.
> 4. Under AR Invoice Overpayment, select Allow Invoices to be
> overpaid. This allows the over-allocation of cash against an invoice,
> leaving it with a credit balance. The overpayment is left as a balance
> on the same chart of account (usually AR Chart of Account) as if it were
> an invoice. AR Apply Credit Memo and Write-off, and Adjustment routines
> allow application or write-off of an invoice overpayment.
5
Obviously, you can ignore the 'Select Romania" part... J



From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of adamnoffie
Sent: Wednesday, August 07, 2013 11:33 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: AR Invoice Overpayment





Thanks Bill!

--- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ,
"Turgeon, Bill" <bturgeon@...> wrote:
>
> Right from the epicor Help:
>
> 1. Navigate to System Management > Company Maintenance > Company.
> 2. Navigate to the Modules > All Modules > Localization > Detail
> sheet.
> 3. In the Localization field, select Romania.
> 4. Under AR Invoice Overpayment, select Allow Invoices to be
> overpaid. This allows the over-allocation of cash against an invoice,
> leaving it with a credit balance. The overpayment is left as a balance
> on the same chart of account (usually AR Chart of Account) as if it
were
> an invoice. AR Apply Credit Memo and Write-off, and Adjustment
routines
> allow application or write-off of an invoice overpayment.





[Non-text portions of this message have been removed]