Receivables - EBS (MOSC)

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Clear on account credit

edited Jan 29, 2014 1:09PM in Receivables - EBS (MOSC) 3 commentsAnswered
 Hi Gurus,
We received a check for $6500 from a customer who had an outstanding of only $4500. Receipt for $6000 was created and $4500 was applied to and invoice and remaining $2000 was applied to 'On account'. 

At a later stage we had to cut a check to the customer via a Payables - manual - standard invoice. Now AR still has this $2000 on account. 

The current accounting is ...
110.0000.000.12100.0000.000.0000  Unapplied Cash  DR 2000
110.0000.000.12100.0000.000.0000  On Account Cash CR 2000

User wants to remove this on account and expects the following entry from AR...
110.0000.000.12100.0000.000.0000   DR 2000 (Accounts receivable)
110.0000.000.12300.0000.000.0000   CR 2000  (AR Clearing)

What is the best way to do this?

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