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Debtor Payments
Use the Payment Entry window to maintain payment batches and maintain transactions that change the balance on an account. Transactions include payments received from debtors that reduce the account balance, account adjustments, and reversals (bounces). Your agency can monitor how and when to apply payments to each account so you can invoice the customer. Adjustments increase or decrease the balance for individual money buckets on an account without calculating collection fees.
Note: You process payments received from a client to reduce the amount of receivables due using Latitude Invoices, which posts transactions to an invoice. For more information, see the Latitude Invoices documentation.