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The first payment in the example has generated GL entries as shown below. The payment is for Order ID 100 described in About Batching Orders; the order total is $10.
GL Entries for Payment on Order ID 100 (Payment ID 100):
Account | Debit | Credit |
Cash | $10.00 |
|
Accounts Receivable |
| $10.00 |
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The second payment in the example has generated GL entries as shown below for a different simple payment. The payment is for an order worth $50.
GL Entries for Payment ID 102:
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The third payment in the example is for a returned item that was paid for with Payment ID 102. The return creates a reversal of entries that reimburses the customer for the $50.
Electronic Payment Transaction Process Diagram
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Continuing the example, Payment IDs 100, 102, and 103 are batched together into Batch ID 300. In Aptify, the Batches record shows detail GL entries for all the payments included in the batch as shown below.
Detail for Payment Batch ID 300:
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When payment batch information is exported to the accounting system, the GL entry information is aggregated per GL account. The net impact of positive and negative amounts is aggregated to produce a net amount. Continuing the example, the chart below shows the aggregate payment batch information that is exported for Payment Batch 300.
GL Entries for Payment Batch ID 300:
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