How to: Enter Deductions

A deduction is created in the Payment Application window whenever a payment is applied to less than the full amount of a ledger entry. Once a deduction has been created, you must enter certain settings that instruct the program how the deduction should be posted.

To enter a deduction

  1. In the Search box, enter Cash Receipt Journals, and then choose the related link.
  2. Select the relevant journal line.
  3. On the Actions tab, in the Functions group, choose Deduction Management. The Payment Application window appears.
  4. On the Deduction Lines FastTab, select the deduction line for which you want to enter settings.
  5. Place a check mark in the Allowed field if the deduction is permissible and does not require resolution at a later time.

You can not mark a deduction as allowed if its type is unresolved.

  1. Fill in the Account No. field with the account to which the deduction amount will be posted.
  2. Fill in the other fields with additional deduction information, if necessary.

See also:

More information on how to split deductions can be found here