that records that a tenant owes you money. The difference between a receivable and a charge is that a charge WILL post to General Ledger, whereas a receivable will NOT post to General Ledger.A receivable is a transaction that records that a tenant owes you money. The difference between a receivable and a charge is that a charge WILL post to General Ledger, whereas a receivable will NOT post to General Ledger.
You can enter an individual receivable for any customer account. A receivable is not a new charge. It is simply an amount currently due, out of a greater total amount that a customer already owes in a particular account. Unlike most other transactions, receivables have no effect on the balances of the accounts in which you create them. In other words, a receivable itself never actually “posts” to an account. When the customer makes a payment on a receivable, the payment posts to the account and reduces the balance.
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