Payment Types

Both A/R and A/P invoices in Simple Accounting use the same series of codes to indicate the method of payment received from a customer or used to pay out funds. These codes are used in the Check Register, the Customer Payments Browse, and in the Vendor Invoices Browse.

C Check. In A/R this means a customer paid his bill with a check. In A/P, this refers to your A/P checks.

D Customer Deposit. This is used in the check register to refer to a payment received from a customer.

E Interest Earned. This appears in the check register whenever you balance your checkbook and enter interest earned on your account.

G Credit applied to an invoice from a Charge Account. In A/R this means a customer paid his bill with a credit card. In A/P, this refers to you paying a bill with your credit card.

I Credit applied from another Invoice. In A/R this means a customer paid a bill by applying a Credit Memo. In A/P, this refers to you paying a bill using an open credit you have from another transaction.

P Petty Cash. A purchase made from your /set-up-general-ledger-options.

S Service Charges. This appears in the check register whenever you balance your checkbook and enter service charges from your bank.