Rice Lake TransAct 5.0 - Installation & Operation Manual - Manual (Page 36)

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Receipts and Payments
Reverse Receipt (Receivables)
The Reverse Receipt screen is used to back out customer payments that were distributed
to invoices. If there are no paid invoices or you decide not to distribute the reverse receipt
the amount will appear as undistributed in the invoice list (Invoice / Ticket column will
equal "RevRcpt / rcpt#" and the amount paid will be negative).
A reverse receipt can also be distributed to an undistributed customer payment. These are
designated with "Rcpt / rcpt#" in the Invoice / Ticket column.
How to Get Here
Accounting-->Receipts and Payments-->Reverse Receipt Radio Button
Field Descriptions
Account
Select the customer account whose payment will be reversed from this drop down list.
Reverse Receipt