Magaya Software Accounting Manual

ENTER PAYMENTS
time per invoice. The invoice must have a remaining balance of zero
to qualify for the discount.)
Option: Manually type a discount amount in the “Discount” column.
The “Accounts” tab displays the discount. The account that the
discount is applied to can be changed on that tab if needed.
To apply a discount manually for a customer that does not have
payment terms set, see the section “Accounts Receivable Special
Procedures” in Chapter 10.
• Additional fields on the Payment dialog box:
Select the bank account to deposit the payment. The checkbox next
to the “Deposit to” field is not checked by default. If you leave it
unchecked, the money will be sent to the Undeposited Funds
account in your Magaya system to hold until you go to the bank with
all the deposits. (Then you will create a “Deposit Payment” transaction
in the Deposits subfolder).
• Enter the check number from the check that the customer sent you.
• The date will be filled in with today’s date. It can be changed as
needed.
• Enter the amount of the payment. If there are outstanding invoices,
the payment amount will be deducted from the total. You can also
click on the Invoices in the list to apply the payment.
• Enter a memo (note) as needed.
• Click on the invoice to be paid. A checkmark appears in the
checkbox and the Amount Due changes to Amount Paid. To enter a
partial payment, click in the “Amount Paid” table cell of the invoice
and type in the amount paid.
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