How to move an AR balance to Collections

Create an Other Current Asset Account called “Collection Clearing Account”

Create a Customer item called “Collections”.

Create a new company for the collections company.

Create a manual credit to the parent and remove the revenue from the correct customer item and post to the parent account.

Create a manual invoice to the collections company, to the new customer item collections and post to the company’s account.

To create a new Other Current Asset Account:

1. Go to Setup
2. Select Accounting
3. Select Other Current Assets
   • Enter the information for the new account
   • Click the SAVE icon to save information

To create a New Customer Item:

1. Go to Setup
2. Select Accounting
3. Select Item
   • scroll down to the bottom
   • click “+ add customer item”
     • Enter the information for the new item
     • Add the item price
     • click the checkmark to apply
     • click the SAVE icon to save all

To create a New Company:

1. Go to Contacts
2. click GO
3. Select “+ Add Company”

To create a manual credit:

1. Go to Accounts Receivable
2. Select Billing
3. Select Manual Credit
4. Enter information
5. Enter Line item, click the “+”
6. Click the POST icon when ready to complete

To create a manual invoice:

1. Go to Accounts Receivable
2. Select Billing
3. Select Manual Invoice
4. Enter information
5. Enter Line item, click the “+”
6. Click the POST icon when ready to complete