Cash Receipts - Owner Payment Adjustments
The Payment Adjustment page is where the following actions can be performed on posted payments:
Backout Posted Payments
If a owners payment bounced, or if you need to correct the information contained in a posted payment, backing out the payment is the suggested action to perform. During a backout payment, NSF fee's can also be entered.
Redistribute Funds to Different Charge Codes
This feature allows you to easily change the distribution of payments to different charge codes. No need to backout and reeneter the payment.
Change Payment Check Number
Correcting the check number on a posted AR Cash Receipt can also be done in just a few clicks.