In AR/AP transactions, AR/AP slips are functionally classified and grouped by slip types to facilitate reporting and access to information. AR/AP transactions are recorded by selecting one of the slip types shown in the table below. AR/AP slip types are:
Cash Collection |
Used in cash collections from accounts receivable/payable. |
Cash Payment |
Used in cash payments to accounts receivable/payable. |
Debit Note |
Used to debit the AR/AP. |
Credit Note |
Used to credit the AR/AP. |
Remittance Slip |
Used to record transactions between accounts receivable/payable. |
Exchange Rate Difference Slip |
Used to record exchange rate differences of accounts receivable/payable. |
Special Slip |
Used to track special debit and credit transactions that do not affect AR/AP totals. |
Opening Slip |
Used to transfer AR/AP totals at the end of the previous fiscal year to the new fiscal year. This information can be entered by the user or automatically created during the year-end carry over transactions. |
Sales Due Date Diff. Invoice |
Used to debit AR/AP records for due date difference. |
Purchase Due Date Diff. Invoice |
Used to record exchange rate differences issued by the AR/AP to the company. |
Tradesman Invoice (Issued) |
Used to record issued tradesman invoices. |
Tradesman Invoice (Received) |
Used to record received tradesman invoices. |
Credit Card Slip |
Used in payments with credit card. |
Credit Card Return Slip |
Used to record credit card return transactions. |