Comments on Dynamics GP - Learn & Discuss: Payables Vs Receivables - History Transactions

GP10.0 on receivables how to input prepaypayments ...

2009-12-01T06:08:07.557+04:00

GP10.0 on receivables how to input prepaypayments for an order that has not been invoiced? For customers that are terms TT before shipping?

Thanks Victoria, Japheth & Bruce, for sharing your...

2009-08-14T21:39:49.306+04:00

Thanks Victoria, Japheth & Bruce, for sharing your views on this.

I also thank Sajeesh, who explained the same reason once I posted this article.

Vaidy

The actual reason is simple: In rececivables most...

2009-08-14T21:14:18.686+04:00

The actual reason is simple:

In rececivables most customers like to see their last check on the statement, and where it got applied. So, paid transaction removal is typically run after the statements are printed.

But vendors usually don't get statements, they get checks. And once a check is paid you don't want to see the check on the aged trial balance. So the rule is immediate paid transaction removal during the check run itself.

Vaidy, My guess is that it has something to do wi...

2009-06-26T17:31:42.883+04:00

Vaidy,

My guess is that it has something to do with the statement process in Receivables (since Paid Transaction Removal process is "in" the Routines section.

/* On Behalf of Victoria Yudin */ Vaidy, The on...

2009-06-24T22:42:15.899+04:00

/* On Behalf of Victoria Yudin */

Vaidy,

The only reason I could ever think of is this: for Payables, you control how and what to pay, so while there may be times when you want to unapply and re-apply, they are very rare. In Receivables, since many times you are 'guessing' at what the customer intended, there may be many more situations where you want to unapply and reapply. Since historical transactions cannot be unapplied and re-applied, receivables transactions have to stay 'open' until they are manually moved to history.

It would be great to know the actual reasoning behind this. It would be even better to have the same process for both and to be able to void partially applied transactions and unapply/reapply as needed in both payables and receivables.

-Victoria