Non-A/R Cash

Owned by Stephen Juliano (Unlicensed)
Last updated: Jul 31, 2022 by Colleen Juliano
1 min read

Overview

   Non-A/R cash are funds that are received and deposited into a bank account, but that are not related to a customer order. Examples are tax refunds, donations, and vendor rebates. Interest and bank charges can be entered as non-A/R cash, but are normally entered as part of the reconciliation process.

     Non-A/R cash is entered on the Receive Non-A/R Cash screen and then processed in batch mode through the Process Non-A/R Cash screen. During processing a deposit is made to the bank account and General Ledger Entries are made which will debit the bank account's cash account and credit revenue accounts. The user enters the revenue accounts that are credited as part of the non-A/R cash entry. The amount of the deposit can be applied to multiple revenue accounts.

The General Ledger accounts that are entered for the credit are not limited to revenue accounts, but it is not normal to receive funds and credit an account other than a revenue account. The General Ledger Entries are posted to the General Ledger via the Post banking to GL screen.

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