Posting Customer Payments & Credits
When transactions are entered, the customer balance is updated immediately, however, payments are not posted into the Check Register until you press the [Post] button from the Customer Payments browse.
When you post the payments, Simple Accounting creates one entry into the check register which we refer to as a Deposit, which should correspond to the total on your Bank Deposit Slip. (If you have entered payments to more than one bank account, then, of course, one deposit is made to each of those accounts.)
Once payments are posted, they cannot be changed or deleted, but the entire deposit can be voided from the check register. Voiding a deposit re-opens any sales invoices that were credited on all checks associated with the deposit.
You should always print a Bank Deposit Slip before posting your Deposit.
The following entries are also made into the General Ledger Audit Trail when you Post your payments.
One credit entry for each transaction:
CASH (header account) The Header AMOUNT field.
And offsetting entries for each line item:
A/R One credit for each Line Item entered.
SALES DISCOUNTS (optional) Debit to selected DISCOUNT ACCOUNT
