Receipts Transaction Type

Most businesses transfer receipt (deposit) data within their general ledger. In setting up a posting rule, you are telling the system how you want it to handle debiting and crediting the correct accounts for receipts. Selecting Special for Debit or Credit in Posting Rules causes the system to use the source of the transaction for the expense code for the Debit or Credit.

Refer to Posting Rules by Transaction Type for specific information about posting rules for the Receipts Transaction type..

Caution

Without setting up posting rules specific to your organization, the system cannot post transactions properly. Setting up posting rules is required.

Note

When you add a billing posting rule, a receipts posting rule is created automatically. Please ensure that your posting rules are set up properly to suit your organization.