The cash receipts update should be run after a batch has been completed. A batch will generally relate to one bank deposit. The cash receipts register should be printed and checked first.

Update the Customer Financial Data by adding to the number of paid invoices and the number of days to pay. This gives the system the data needed to calculate average days to pay.

Update the Revenue Budget Line Amounts Received MTD and YTD

• Reduce the Amount Unreceived (AR) for the budget line and recalculate the Budget Line Unrealized Balance and Percent Realized.

• Update the General Ledger by making a Credit to the Account specified by the Service Code as being the Asset GL Account (See the Service Codes File). If the cash receipt was not against an Accounts Receivable item then the GL Account specified by the Budget Line       Item will be credited.

• Update the General Ledger by making a Debit to the Account specified by the Service Code as being the Cash GL Account.

• Update the General Ledger by making a Debit to the Account specified by the Service Code as being the Asset GL Account for any amount made as an AR Credit.