About Apply payments automatically

In the Apply payments automatically (AR506000) window you can match sales invoices against open payments automatically.

To use this functionality, the Apply payments automatically option must be selected on each customer in the Customers (AR303000) window. In addition you must select the same option in the Customer classes (AR201000) window, and preferably in the Customer ledger preferences (AR101000) window as well.

This will match the oldest open invoices first to the oldest open payment, unless you set the option Apply payments to overdue charges first in the Customer ledger preferences (AR101000).

You should apply payments before preparing statements. You set the option Require payment application before statement processing in the Statement cycles (AR202800) window.