The AR/AP slip types should be defined first in order to record AR/AP transactions. Slip types are recorded using the AR/AP Slip Types option located under the Types > Finance menu option in the System Settings module.
A separate slip type is defined for each of the AR/AP payment, collection, exchange rate difference, debit and credit transaction, and the characteristics for each type are specified on the definition window.
Slip type and properties are defined using the "New" option on the AR/AP Slip Types list. Slip type information is recorded on the definition window using the following tabs.
- Defaults
- Accounts
- Totals
- G/L Slips
Code: The record code of the AR/AP slip type. The Code field is mandatory.
Description: The definition or description of the AR/AP slip type.
Type: Indicates the AR/AP transaction in which the slip will be used. The field lists the following options.
- Opening
- Collection
- Payment
- Daily/Journal
- Exchange Rate Difference
- Credit Card
- Credit Card Return
- Tradesman Invoice (Received)
- Tradesman Invoice (Issued)
- Company Credit Card
- Company Credit Card Return
The valid transaction type for the defined slip type is selected.
Authorization Code: The authorization code of the AR/AP slip type. Used to define authorizations for each record. Only the user with the authorization code specified here can process the slip type.
