Group Name

Ariella Diana Agno

Renart De los Santos
Maia Kristel Gayle Espina
Hazel Mabao
Step 1: Change terms of payment for Customer
Step 2: Create customer invoice
Customer: Motown Bikes
Customer: Philly Bikes
Customer: Big Apple Bikes
Customer: Peachtree Bikes
Customer: Philly Bikes
Customer: Windy City Bikes
Customer: Motown Bikes
Question: Please note down your receipt number:

Answer:
Customer: Motown Bikes
080 MOTOWN 1 1800000173
080 MOTOWN 2 1800000189
Customer: Philly Bikes
080 PHILLY 1 1800000176
080 PHILLY 2 1800000184
Customer: Big Apple Bikes
080 APPLE 1 1800000179
Customer: Peachtree Bikes
080 PEACHTREE 1 1800000182
Customer: Windy City Bikes
080 WINDY 1 1800000186
1800000173
Step 3: Display customer balances
Navigate to your debtors individual documents by clicking on the open items in the column Debit.
What does the red icon under Clearing status of items mean? The transaction is displaying the Open Items m
umn Debit.
splaying the Open Items marked with red in the status column. There is no clearing document for the moment, because this document w
, because this document will be cleared as per the date from Net due date column when the invoice will be paid.
What do you notice about the document number when comparing to the Accounts Receivable invoic
To our works when comparing to our Accounts Receivable invoice entry, it is all sequential based on

Incoming Payment 080 Apple 1

Incoming payment 080 Philly 1
 CUSTOMER’S NAME
(8999) 100 MOTOWN 1
(3100) 100 PHILLY 1
(2100) 100 APPLE 1
(4100) 100 PEACHTREE 1
(6100) 100 WINDY 1
Incoming payment 080 Peachtree 1
Incoming payment 080 Windy 1
Step 4: Post an incoming payment
en comparing to the Accounts Receivable invoice entry document number?
vable invoice entry, it is all sequential based on the last three digits of our number. But, in the document numbers in pos
JOURNAL ENTRY POSTING DATE
1400000182 1/12/2020
1400000195 1/12/2020
1400000183 1/12/2020
1400000185 1/12/2020
1400000186 1/12/2020
ocument numbers in posting payments are not sequential.
Step 5: Display the customer balances
Display Customer Balances
Click on the $ 28,500 under credit. What does the green icon under Clearing status of items mean?If the customer's
payment of the customer. Therefore, green means "closed" or cleared.
UNDER THE SALES
Step 6: Scenario 1 Cancel the invoice

Step 1:

Look for the line Trade Accounts receivables. What amount is displayed to you? 562,500.00 USD

Step 2:
Step 3
What amount is displayed to you? 560,500 USD
The trade receivable is significantly less than the previous step. It was derived from the cancelled invoice docume
Where does the difference to the previous step come from?
receivables
Step 7: Scenario 2 Change the invoice assignment

Step 1:
Step 2:

Step 3:
Explain the difference to step 7.1: In 7.1, only one balance was open but after resetting the cleared
items, both balances became open.

Step 4:
Step 5:
Describe what happened : The other 3,500 balance was cleared or has been received by the company
from the customer.
Step 8: Scenario 3: Resetting and revers incoming payments

Step 1:

Step 2:
Step 3:
Step 4:
Step 5: