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Gurantee type transaction in AR
Posted: Tue Sep 16, 2008 4:37 am
by dvsprao108
Hi Friends,
Can anyone please explain me about the Guarantee type transaction in AR? please tell me with some example.
Thanks in advance.
Prakash
Posted: Tue Sep 16, 2008 5:58 am
by Shashi_k
Hi Rao,
Guarantee Type of transaction in AR is similar to Deposits only difference between this two is involvement of cash. In deposits customer will pay some amount as Deposit where as in Guarantee it only a word of mouth.
when you raise transaction against deposit, deposit amount is adjusted against invoice where in guarantee, transaction raised against Guarantee will have receipt/cash raised against the transaction itself.
Regards,
Shashidhar.