Organizations that deal with a large number of unapplied payments or credit memos realize how much effort it is to manually apply large numbers of such documents.
Mass Apply Receivables automatically applies credit memos and payments with the ability to restrict the apply function to a specific range of customers and dates. Additionally, it allows the user to restrict the operation to run only on those credit memos or payments having a link field populated which defines the invoice against which to be applied. For credit memos, this field is the PO Number field. For payments, this field is the Comments field.
The automatic apply process can be based on an import file specifying the credit document to debit document relationships including a sequence number for order of apply. Alternatively, the automatic apply can be based on the mass apply logic defined in the Payables Setup window (either by document date or document number).