Transfer Cash Receipts To REV/AR RAR301

This process selects purchasers' checks that have not been posted to the Revenue/Accounts Receivable (RAR) files. The cash receipts for purchasers' checks must have been entered in detail by property, product, and sale date in order to post as cash to the RAR files. Posting of these cash receipts is accomplished by matching the company, purchaser, property, product, and sale date to a pseudo-invoice already created by posting gross sales. If the system cannot locate a matching invoice within the OPEN_RAR file, this process creates an invoice with cash received information only. The system flags the purchaser's check with the current date in the RAR transfer date field.

You can run various reports showing invoices, cash receipt postings, and differences between the two in order to reconcile amounts received as cash and amounts calculated as gross sales for properties, products, purchasers, and sale dates.