After customers make electronic payments to your bank account, you must take the following actions:

• Apply each paid amount to the related sales document
• Post the payment to update the customer, general ledger, and bank ledger entries.

Depending on your business needs, you can get paid and register that payment in different ways: manually, automatically, and through payment services.

 Note

You can perform the same tasks, including vendor payments, on the Payment Reconciliation Journal page using functions for bank statement import, automatic application, and bank account reconciliation. For more information, see Reconcile Payments Using Automatic Application.

Use the Register Customer Payments page balance internal accounts by using actual cash figures to ensure that payments are collected. You can quickly verify and post individual or lump-sum payments, process discounted payments, and find the unpaid documents.

Payments for different customers that have different payment dates must be posted as individual payments. Payments for the same customer that have the same payment date can be posted as a lump-sum payment. Lump-sum payments are useful, for example, when a customer has made a single payment that covers multiple sales invoices.

Because you can post different payment types to different balancing accounts, you must select a balancing account on the Payment Registration Setup page before you start processing customer payments. If you always post to the same balancing account, you can set that account as the default and avoid this step every time that you open the Register Customer Payments page.

1. Choose the  icon, enter Payment Registration Setup, and then choose the related link. You can also choose the Setup action on the Register Customer Payments page.
2. Fill in the fields on the Payment Registration Setup page. Choose a field to read a short description of the field or link to more information. Choose a field to read a short description of the field or link to related information.

Tip

To make it easier to later identify entries that were posted through the journal, you can assign a specific number series to the journal. This is useful if you use payment reconciliation journals to register and apply payments.

1. Choose the  icon, enter Register Customer Payments, and then choose the related link.

   The Register Customer Payments page shows all posted documents for which a payment can be registered. The page can also be opened from the Customers and Customer Card pages where it's automatically filtered for the specified customer.

2. Select the Payment Made check box on the line that represents the posted document for which a payment has been made.

   If the Auto Fill Date Received check box is selected on the Payment Registration Setup page, then the work date is entered in the Date Received field.

3. In the Date Received field, enter the date when the payment was made. This date may be different from the work date.

4. In the Amount Received field, enter the amount that has been paid.

   For full payments, this amount is the same as the amount in the Remaining Amount field on the line. For partial payments, this amount is lower than the amount in the Remaining Amount field on the line.

5. Repeat steps 2-4 for other lines that represent posted documents for which payments are made.

6. Choose the Post Payments action.

The payment information is posted for documents represented by lines where the Payment Made check box is selected.

Payments entries are posted to general ledger, bank, and customer accounts. Each payment is applied to the related posted sales document.

1. Choose the  icon, enter Payment Registration, and then choose the related link.

2. Select the Payment Made check box on the lines that represent posted documents for the same customer for which a lump-sum payment has been made.

   

    Note
   

   The customer in the Name field must be the same on all lines that will be posted as a lump-sum payment.

   If the Auto Fill Date Received check box is selected on the Payment Registration Setup page, then the work date is filled in the Date Received field.

3. In the Date Received field, enter the date when the payment was made. This date may be different from the work date. 

   

   Note
   

   This date must be the same on all lines that will be posted as a lump-sum payment.

4. In the Amount Received field, enter amounts on multiple lines that sum up to the lump payment amount.

   

    Tip
   

   Try to post as many full payments as possible with the lump-sum amount. Enter amounts that are the same as the amount in the Remaining Amount field on as many lines as possible.

5. Repeat steps 2-4 for other lines that represent posted documents for the same customer for which a lump-sum payment has been made.

6. Choose the Post As Lump Payment action. The entered payment information is posted for documents represented by lines where the Payment Made check box is selected.

Payment entries are posted to general ledger, bank, and customer accounts. Each payment is applied to the related posted sales document.

If a payment in the bank isn't represented by line on the Payment Registration page, it may be because the related document hasn't yet been posted. In that case, you can use a search function to quickly find the document and post it to process the payment. For more information, see To find a specific sales document that isn't fully invoiced.

If a payment in the bank isn't represented by a document in Business Central, you can open a prefilled general journal from the Payment Registration page to post the payment directly to the balancing account without applying the payment to a document. Alternatively, you may want to record the payment in the journal until the origin of the payment has been resolved. For more information, see To record or post a payment without a related document.

If you've agreed on a payment discount with your customer, then the payment amounts can be lower than the invoice amounts if payment occurs before the agreed discount date.

The following procedures explain four different ways to post discounted payments on the Payment Registration page.

• The payment amount is equal to the remaining discounted amount, and the payment date is before the discount date. You post the payment as is.
• The payment amount is equal to the remaining discounted amount, but the payment date is after the discount date. You post the payment as partial. The document remains open to collect/pay the remaining amount. You can also set the discount date later to allow the payment in full.
• The payment amount is lower than the remaining discounted amount. You post the payment as partial. The document remains open to collect/pay the remaining amount.
• The payment amount is more than the remaining discounted amount. You post the payments as is. Only the remaining amount is posted. The extra amount is credited to the customer.

1. Choose the  icon, enter Payment Registration, and then choose the related link.

2. Enter the payment amount in the Amount Received field. The amount is equal to the amount in the Rem. Amt. after Discount field.

   The Payment Made check box is automatically selected, and the Date Received field is filled with the work date.

3. In the Date Received field, enter the payment date. The date is before the date in the Pmt. Discount Date field.

4. Verify that the Remaining Amount field contains zero (0).

5. Choose the Post Payments action to post the full payment to general ledger, bank, and customer accounts.

1. Choose the  icon, enter Payment Registration, and then choose the related link.

2. Enter the payment amount in the Amount Received field. The amount is equal to the amount in the Rem. Amt. after Discount field.

   The Payment Made check box is automatically selected, and the Date Received field is filled with the work date.

3. In the Date Received field, enter a payment date that is after the date in the Pmt. Discount Date field. Date fields change to red font, and an error message is shown at the bottom of the page. 

   

   Tip
   

   If you want to make an exception and grant the discount even though the payment is late, follow these steps:

4. Choose the Details action.

5. On the Payment Registration Details page, in the Pmt. Discount Date field on the Payment Discount FastTab, enter a date that is after the date in the Date Received field on the Payment Registration page.

   The error message and the red font disappear, and you can continue to process the discounted payment.

6. Verify that the Remaining Amount field contains the amount that remains to pay the full invoice amount.

7. Choose the Post Payments action to post the partial payment to general ledger, bank, and customer accounts.

The related document remains open.

1. Choose the  icon, enter Payment Registration, and then choose the related link.

2. Enter the payment amount in the Amount Received field. The amount is lower than the amount in the Rem. Amt. after Discount field.

   The Payment Made check box is automatically selected, and the Date Received field is filled with the work date.

3. In the Date Received field, enter the payment date. The date is before the date in the Pmt. Discount Date field.

4. Verify that the Remaining Amount field contains the amount that remains to pay the discounted amount.

5. Choose the Post Payments action to post the partial payment to general ledger, bank, and customer accounts.

The related document remains open.

1. Choose the  icon, enter Payment Registration, and then choose the related link.

2. Enter the payment amount in the Amount Received field. The amount is more than the amount in the Rem. Amt. after Discount field.

   The Payment Made check box is automatically selected, and the Date Received field is filled with the work date.

3. In the Date Received field, enter the payment date. The date is before the date in the Pmt. Discount Date field.

4. Verify that the Remaining Amount field contains zero (0).

5. Choose the Post Payments action to post the full payment to general ledger, bank, and customer accounts.

The related document is closed, and the customer is credited the excess payment amount.

The Payment Registration page supports you in tasks needed to balance internal accounts with actual cash figures to ensure effective collection from customers. It shows outstanding incoming payments as lines that represent sales documents where an amount is due for payment.

Typically, when a payment has been made, recorded in the bank or otherwise, the related sales or purchase document is represented as a line on the Payment Registration page because the document in question is waiting for the payment to be posted against the outstanding amount. However, sometimes a payment that has been made isn't represented by a line on the Payment Registration page, typically because the document in question hasn't been fully invoice posted.

On the Document Search page, you can search among documents that aren't fully invoiced. You can search based on one or more of the following criteria:

• Document number
• Amount or amount range

The following procedure explains how to find a specific document by using both search criteria.

1. Choose the  icon, enter Payment Registration, and then choose the related link.

2. With the pointer on any line, Choose the Search Documents action.

3. On the Document Search page, enter a search value in the Document No. field.

   

    Note
   

   The value that you enter in this field is enclosed in hidden wildcard characters. This means that the function searches for all document numbers that contain the entered value.

4. In the Amount field, enter the specific amount that exists on the document that you want to find.

5. In the Amount Tolerance % field, enter a percentage value to define the range of amounts that you want to search to find the open document.

   If you enter 10, then the function will search for amounts in a range between 10 percent lower and 10 percent higher than the value in the Amount field.

6. Choose the Search action.

The Search function searches among documents that aren't fully invoiced based on the specified criteria.

If one or more documents match the criteria, then the Document Search Result page opens to display lines that represent those documents. Each line contains a document number, description, and an amount. This information makes it easier to find a specific document.

If a payment in the bank isn't represented by any document in Business Central, then you can open a prefilled general journal from the Payment Registration page to post the payment directly to the balancing account without applying the payment to a document. Alternatively, you may want to record the payment in the journal until the origin of the payment has been resolved.

If a payment in the bank isn't represented by any document in Business Central, then you can open a prefilled general journal line from the Payment Registration page to post the payment directly to the balancing account without applying the payment to a document. Alternatively, you may want to record the payment in the journal until the origin of the payment has been clarified.

1. Choose the  icon, enter Payment Registration, and then choose the related link.

2. Choose the General Journal action.

   The General Journal page opens with one line that contains the balancing account of the journal batch that is set up on the Payment Registration Setup page.

3. Fill in the remaining fields on the general journal line. For example, provide the amount, customer number, or information from the bank statement. For more information, see Post Transactions Directly to the General Ledger.

You can post the journal line to update the total on the balancing account. You can also leave the journal line un-posted, and perhaps append it with a note that the payment needs more analysis.

If you leave the journal line unposted, it will add to the value in the Unposted Balance field at the bottom of the Payment Registration page.

Managing Receivables
Sales