Apply a payment to as many invoices and credit memos, as you like. For greater control, you can choose how to apply customer or vendor transactions by specifying the amounts to apply to individual documents. This can be especially helpful when customers make partial payments. If you choose the "Apply-to-Oldest" method, the system can automatically apply receipts to the oldest invoices for specific customers.

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View detailed information about the amounts that will be posted to the general ledger prior to posting, such as payment discounts and rounding amounts.

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Unapply or "reverse" all postings and changes related to an application of customer and vendor transactions so they can be applied correctly.

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Set a tolerance level (in local or other currency) on an invoice in order to apply and fully close the invoice and payment entries, even if the payment amount is less or more than the invoice. Tolerance can be automatically allowed or decided on a case-by-case basis.

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Set a tolerance level of several days to apply and close an invoice and payment, even if you receive the discounted payment later than the discount date specified by the payment terms. Discount tolerance can be automatically allowed or decided on a case-by-case basis.