Please assist in confirmation of GAAP -
If a customer has multiple open invoices of varying age, makes a payment, references an invoice number on the check - is payment applied:
- To oldest invoice
- To invoice referenced on payment check
Thank you!
Please assist in confirmation of GAAP -
If a customer has multiple open invoices of varying age, makes a payment, references an invoice number on the check - is payment applied:
- To oldest invoice
- To invoice referenced on payment check
Thank you!
"JLP" wrote
I'd follow published company policy to the letter.
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