Pay Oldest Invoice

Accounts Receivable ››

Pay Oldest Invoice

Pay Oldest Invoice First

When an owner sends a check amount that is to be applied to all of his outstanding invoices, by the oldest invoice date, you will use this option.  All invoices will be checked for this owner to determine what the owner's balance is for all invoices before posting the check amount you specified.  You will be flagged the number of invoices this check amount will pay.  You will be told what the remaining balance will be for this owner after posting this check amount.   

Select A/R -  Pay Oldest Invoice

Invoices will be paid based on the beginning and ending invoice date specified in filter.    Always print a current Accounts Receivable Inquiry report to check invoice amounts and dates of invoices prior to posting check amount.  Any partial amount remaining of the check amount will be applied automatically to the latest invoice.

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