Summary of Applied Funds Tab

This tab tracks the amounts being applied. The open amount decreases and the applied amount increases as funds are applied.

 If funds are applied to invoices, the invoice information will be displayed. For example, the following image shows this tab after partial application of a $1000 credit to two invoices.

Summary of Applied Funds tab definitions:

Title

 

Description

Cash Control

 

The total dollar amount credited to the processing organization's clearing account that is to be applied.

Open Amount

The dollar amount not yet applied to an appropriate location. This amount decreases as funds are applied and must be zero before you submit the document.

Applied Amount

The dollar amount that has been applied on this document. This increases as the open amount decreases and must equal the cash control amount before you submit the document.

More:

Quick Apply to Invoice Tab