Owner JIB Payments

You can receive owner payments for outstanding JIB invoices with this window. The is set up like the customer payments, except it looks for outstanding owner JIB invoices. Owner JIB invoices are generated during the JIB Run closing. The other difference is the system will credit the JIB receivable account that is specified in the preferences instead of the Accounts Receivable account when this payment is posted.

Payments received the same day as the JIB run is closed will not appear on this run's statement. They will appear on the next JIB run statement. You must receive it at least the day before in order for it to impact the balance of the JIB.

You can enter a Prepayment or JIB Beginning balance using this window. The balance that you enter will appear in the unapplied amount field. You may not be able to apply it in the bottom. Press the save button and a message will appear verifying that you do want to create a credit invoice.