Add Accounts Receivable Purchase Agreement Digisign with airSlate SignNow

Sign accounts receivable purchase agreement

if you were using a Mac computer and need to rewind the video at any time you can do so by dragging the scroll at the bottom backwards to your desired location once you've rewind at the video you will then click the play button you can also pause the video by clicking the pause button in the bottom portion of your screen if you are using a Microsoft windows-based computer your screen will appear differently to rewind you will hold down the double arrows to your desired location to play or pause you will select the blue button and lastly to stop the video you will press the stop button in this section we will review how to apply a payment to a membership dues invoice to do so you will navigate to the applications drop-down menu in the top left portion of your screen from the drop down you will then select the accounts receivable application from the accounts receivable selections you will then select invoices once you arrive on the invoices screen you will see the membership dues invoices that have been pushed from I member you can either scroll through the various pages to find the member that you are looking for or you can search by customer remember name if you search by customer member names you will click within the field under where it says customer or member name we highly recommend first typing a percentage sign as it is a wild-card and will make it easier when finding the member you are looking for you will then type all or part of the name you are looking for once you have that typed you will then click the enter button on your keyboard here it will pull up the member you are searching for to apply a payment to a members invoice you will select the blue apply payment button on the far right hand side once this is selected an additional screen will appear where you we'll enter the payment information you will select the payment method in the case that it is a PayPal or stripe payment you would use record transfer however in this case we will use the payment method as check for the account type the bank account is automatically selected however you would only use this in the case that one check was deposited individually we highly recommend using the undeposited funds account for reconciliation purposes when one or more cheques are deposited at once with this there is a second step of recording the deposit which we will cover in the later portion of this video please note that I am using the test site and typically the general ledger account would automatically be populated to the undeposited funds account the customer remember name will be automatically populated you will enter the receipt date and data on check please make sure these dates are the same you will enter the check amount since this member paid in full you will notice that the receive full box is automatically checked although the check number is not a required field we highly recommend it as a method of good bookkeeping once you have this information entered you will then click Save you will receive a notification that your payment was saved successfully once you receive this notification you can close out of the additional screen now when you return back to the invoices screen you will notice that the members invoice shows us paid rather than posted in the case that a member includes a donation with the dues payment you can easily edit the invoice with an intact you will find the number and then select the blue edit button on the left hand side this will then take you to the invoice screen where you will scroll down to the bottom portion where the entry section is you will add an additional line item for the contribution or donation received please be sure to select the income account starting with number for the contribution account starting with numbers 7 & 8 our expense accounts in this case I will select the account contributions donations unrestricted others then you will enter the donation amount once you have this information entered then click post now you can apply payment to the numbers invoice you will select the blue apply payment button on the right hand side where the additional screen will appear for you to enter the payment information you will select the payment method from the drop down menu as mentioned before you will use record transfer in the case that it is a PayPal or stripe payment however in this case we will use cash as the payment method you will select the account type as mentioned before we highly recommend using the undeposited funds account and on the live site the general ledger account will be automatically populated the customer or member name will be automatically populated you will enter the receipt date and payment date please make sure these two dates are the same lastly you will enter the cash payment amount since the member paid in full you will notice that the receive full box is automatically checked once you have all the required information entered then press save you will then receive a notification that your payment was saved successfully once you receive this notification you can close this additional screen now when you return back to the invoice screen you will see that the members invoice shows us paid rather than posted now we will review how to make a deposit to get the funds out of the undeposited funds account you will start by navigating to the applications menu on the top left portion of your screen from the drop down you will then select the cash management application you will then select deposits under transactions to add a new one you will click the Add button on the right hand side once you arrive on the deposit screen you will see the filters section where you will only enter the required fields with the red which is the bank account we will select the Wells Fargo checking account and then click continue when you scroll down to the bottom portion of this screen you will see the undeposited funds you will then select the amounts that were deposited together by selecting the check boxes on the left once you have the amount selected under the deposit details you will make changes if necessary to the date and ID the Dayton ID will be automatically populated with the current date to change this you can click within the field to make the necessary change the description and attachment sections are not required fields once you have this information entered then click Save once you have this information saved it will return you back to the deposit screen where you will see the deposit that you just entered to summarize the accounts receivable portion here you can see the process of applying a payment to an invoice creating the invoice however this is not applicable since the invoices are pushed from I member you will receive a payment and lastly make the deposit