Type 1 Tcode - Regular Payment

Generally, you will have only one transaction code of this type. It is used for entering cash receipts from clients. Regular payments apply to fees, expenses, advances, and finance charge. We recommend using Type 1 regular payments for all your payments. Detailed information regarding use of regular payments vs. fee and expense/advance payments can be found in Knowledge Base article R11297, Use Tabs3 Regular Payments Instead of Fee, Expense, and Advance Payments.

If a regular payment is made and exceeds the amount owed, the credit amount is stored in the Unapplied Payments field on the A/R & Fund Balances tab of the Client file after "processing" the payment. Processing a payment refers to running a final statement that includes the payment and then running the Update Statements program. Negative payments are not allowed. Use the Payment Adjustment program to back out processed regular payments.

Note: The order in which a payment is allocated is determined by the client's Method to Apply Payments and Apply Payments to Finance Charge fields.