Credit Allocations

Overview

Credit Allocations require users to allocate credits to charges and or invoices. Please note that EVERY credit must be allocated (payments made via credit card, checks, discounts made to accounts, etc.)

This tutorial will review who should use credit allocations and include a Table of Contents for all related tutorials.

Who should use this feature?

Because this feature increases the administrative work to be done each day (average 5 additional hours per week per practice), we recommend enabling this feature in the following situations.

1. Your business does commission based on paid invoices.

2. Your business uses the Invoice Custom Field feature and would like to view the Accounts Receivable Report based on that Custom Field.

3. Your business uses Profit Centers and would like to determine the amount collected by Profit Center.

4. The business wishes to use the Escrow Account feature.

There may be other situations that may warrant Credit Allocations. Please reach out to your Account Manager or our support team if you are considering enabling this feature for a reason not listed above.

Do we have to manually allocate each credit?

There are two options with Credit Allocations:

• Manual Allocation

• Auto Allocation

Users who wish to manually select invoices paid for each credit may wish to leave on manual allocations.

Not using Auto Allocation will increase the amount of administrative work and require extra diligence in reviewing unallocated payments.

Package(s) Required:

The packages below are required in addition to the Foundation package. If you have questions about this please contact your account manager.

• IMPACT

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Table of Contents

1. Activating Credit Allocations

2. Auto-allocation

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Resources

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