Magaya Software Accounting Manual
Magaya Software Accounting Manual
Magaya Software Accounting Manual
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DEPOSITING PAYMENTS<br />
Set up Payment Terms per Customer:<br />
1) To assign a payment term to a customer, open their profile and click the<br />
“Pmt. Terms” tab.<br />
2) Select the payment term from the dropdown menu.<br />
3) Click OK to save the setup. These terms will be applied to this customer’s<br />
invoices automatically, and the due date will be set based on the terms. (It<br />
can be changed at any time.)<br />
Depositing Payments<br />
Deposits of payments that you get from customers can be created in the<br />
Deposits List or document view. There are two types of deposits:<br />
• Deposit Payment: Use this option when you are depositing money from<br />
the Undeposited Funds account.<br />
• Deposit: Use this when you are making the type of deposit such as if you<br />
receive a loan from a bank. See the topic "Banking" for details.<br />
To deposit a payment:<br />
60