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Overview
The Retainer Wizard is a quick and easy way to enter and post an advanced payment.
Key Concepts
| • | When you use the Wizard, both a Sales and Receipt Journal entry are created. |
| • | When you finally want to apply the retainer, just add it to the "Current Retainer" box in PA Bill Review. More on PA Bill Review |
Field Descriptions
| • | Bank - Bank Account used in the Header of the Receipt when creating the journal entry. |
| • | A/R Account - A/R Account used in the Header of the Sales Journal when creating the entry. |
| • | Retainer Account - The Retainer Account used in the Detail of the Sales Journal when creating the entry. |
| • | Client - Client used when creating both transactions. |
| • | Project - Project used when creating both transactions. |
| • | Invoice Number - The invoice number populates the following areas: |
| o | Receipt Journal - Invoice No. in the detail section. |
| o | Sales Journal - Invoice Number in the Header section. |
| • | Comments - This comment populates the G/L Comments/Comments box in both transactions. |
| • | Check Number - The Check Number populates the "Check Number" box located in the Header of the Receipt Journal. |
| • | Check/Invoice Date - The Check/Invoice Date populates the following: |
| o | Receipt Journal - "Check Date" located in the Header of the Receipt Journal. |
| o | Sales Journal - "Invoice Date" located in the Header of the Sales Journal. |
| • | Deposit Date - The Deposit Date populates the "Check Date" located in the Header of the Receipt Journal. |
| • | Deposit Number - The Deposit Number populates the "Check Number" located in the Header of the Receipt Journal. |
| • | G/L Period - This G/L Period populates the G/L Period in both transactions. |
| • | Amount - This Amount populates the Amount in both transactions. |
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