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NOTE: General Ledger accounting transactions are generated during the payment application process but unless your GL is setup with Unapplied Cash and Applied Cash accounts - I'm not sure that there will be any true accounting impact. In the Sales Order process the accounting transaction generated the following GL Accounting transaction is generated for 'Payment Applied'

The following options are currently available from this screen:

• Create New (Create a new payment)
• Status to 'Received' (Change the status of the current payment to 'Received. NOTE: This will create the relevant accounting transactions and post them to the general ledger)
• Status to 'Cancelled' (Change the status of the current payment to 'Cancelled')

• Status to 'Confirmed' (Change the status of the current invoice to 'Confirmed'. NOTE: This status option will not appear until the status has been changed to 'Received')

What is it used for?

This is used to link payments the following:

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