When an account receipt is being recorded it is important to enter the name of the individual or company that is providing the payment in the field provided in the Transaction Record. Select the name from the drop-down list or enter custom text if the appropriate name does not appear in the list.
NOTE: Data for many Accounting Summaries, Reports, and Crosstabs is categorized by this field. It is important to select data from the drop-down list or enter custom data descriptions that are consistent. Default data will be automatically entered into the drop-down list for this field if an "Invoice No" is specified for the account record.
TIP: Default data provided in the drop-down is based on "Invoice Will Be Paid By" data specified in the Billing Invoice Database. Only clients that have invoices with outstanding balances will be listed. Drop-down list for "Received From" fields can be changed to list previously entered data rather than Outstanding Invoice data. Simply select the [Click Here] text located below the Received from field.