The 'The Allocate Remainder' button sets the value in the field of 'Allocated Value' to the balance (amount) left to allocate on one open item for the value left on the payment. The Balance button is used to make a partial payment against an open item, or when you have a remainder left to allocate that does not match a particular payment. It allocates the payment (or remainder) to a single open item, even if the value of the open item is calculated by the system and written to the field of 'Balance' on that open item.
'Allocate Remainder' works the same in Suppliers as it does in Customers'.
See example below of 'Allocate Remainder' for a Customer.
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greater than the value of the payment. Readysell calculates the balance of the open item and records it in the Balance field.
The example below shows how the Allocate Remainder button is used for a customer:
- In the navigation panel, go to Relationships then Customer Transactions.
- Click Payments.
- Enter the details of the customer payment.
- Click Finalise and Allocate. The Allocation window displays, showing all open items that are outstanding for payment. See screen shot below:
Click on Allocate Remainder if you wish to place the balance of the Payment against any one open item. It is like making a part payment. - Select the open item you want to allocate, then click Allocate Remainder.
Readysell allocates the payment against the selected open item, and displays any remaining balance in the Balance field.