Exploring accounts receivable transactions
The following section will explore the types of transactions of the accounts receivable module. The transactions are divided into the following main categories:
- Invoicing: This is divided into sales order-related and free text invoices. The Sales Order Invoice represents the invoices that are normally attached to a sales order (or sales orders). The Sales Order Invoice could be the final invoice of the sales order. In that case, it is issued after delivering the goods. The Free Text Invoice-Correction function is a newly introduced feature prior to Microsoft Dynamics 365 for Finance and Operations.
- Payment: The second category is Payment. This category consist of two types. The first type is prepayment transactions are considered as customer advances from clients and could be assigned to sales orders. The second type is customer payment, which is settled against a customer invoice.
The following diagram will make things clearer:
Sales order invoice
The...
