Payments/Credits/Debits
“Payments” in QuickTouch In QuickTouch, “Payments” are any receivables that pay down the fleet account’s outstanding balance. Note that QuickTouch will always assume that the payment is a check and will look for that check to be in the cash drawer at the end of the day.
“Credits” will reduce the fleet account’s outstanding balance after being applied. They are generally used to balance an account if the payment received is less than the amount owed on an individual invoice, or fleet’s total open balance.
“Debits” will increase the outstanding balance for a fleet account (they owe you more money). Debits are generally used for creating a starting balance, assessing a penalty, or recording a debt from a separate business unit.
Fleet AccountImportant! Any transactions done under Payments/Credits/Debits cannot be undone, they can only be offset. Account Inquiry and Fleet Statements will reflect all activity done on these screens.
Fleet Payments Selection Page
From the Main Menu, choose Fleet Account Management then Payments/Credits/Debits.
A list of your fleet accounts will be displayed, choose an account.
NOTE: The Payments/Credits/Debits screen will work slightly differently depending on whether a fleet account’s statement type is Open Items or Balance Forward (
for more information).
Important: Any transactions done under Payments/Credits/Debits cannot be undone, they can only be offset, and so the fleet account statements will reflect all activity done on these screens.
Open Items
The following is an example of a fleet account with the Open Items statement type.
The Open Items view lists all outstanding invoices. When you receive a payment, it can be applied toward one or several invoices.
Payment Allows you to create a payment transaction for this fleet. Payments are assumed to be checks, and all payments are listed as checks in the Day End Processing screens. Every payment affects the cash drawer totals for that day
.
Type in the dollar amount of the
payment,
then mark the “Paid” button next to each invoice it applies to. If needed, enter a description of the payment in the Desc field. Pressing OK will apply the payment to the selected invoices, and the outstanding balance will be updated.
Apply Credits If a credit has already been created but not applied (you will be warned when you enter the Payments/Credits/Debits screen), you can use this button to apply the credit. When you create a credit, the balance is reduced, but the credit is not applied to an open invoice until you use the Apply Credits button.
Credit This will allow you to create a credit for an account. You will then need to go back into Payments/Credits/Debits and apply the credit to a particular invoice.
If you create a credit for a fleet account using the Open Items method, you will not see it as a separate line item. However, when you go into the Payments/Credits/Debits screen you will see a
“Unapplied Credits
Exist” notice,
and you will
then see the Apply Credits button
activated for use. Press the Apply Credits button, select the credit (you will see each unapplied credit listed as a separate line item), and then select the invoices or debits to apply the credit to.
Caution! A common mistake is to create a credit, but not apply it to an open invoice. When you create the credit, the account balance is reduced, but the credit is not applied to an open invoice until you use the Apply Credits button. If this is not done and additional credits are created, you’ll have several unapplied credits. After finally applying them all, the account may have a large credit amount which must be corrected with a debit.
Debit This will allow you to create a debit for an account. It will appear in the bottom half of the screen along with any open invoices.
Discount Using the Open Items method also allows you to apply a discount to an individual invoice. First, add a payment and select the invoice. You are now able to press the “Discount” key for the remaining amount, to zero out the invoice balance. This is useful if certain
fleet accounts that deduct a percentage (ex: 10%) from the invoice amount and pay the rest.
Balance ForwardBalance Forward
The following is an example of a fleet account with the Balance Forward statement type.
The Balance Forward method simply posts payments, credits, or debits against the account’s open balance. If you need to view specific account activity, use the Account Inquiry feature.
Payment Allows you to create a payment transaction for this fleet. Payments are assumed to be checks, and all payments are listed as checks in the Day End Processing screens. Every payment affects the cash drawer totals for that day. Payments will immediately apply to the fleet’s open balance with the Balance Forward method.
Apply Credits This function is disabled if the fleet account is setup for the Balance Forward methodCredits If a credit has already been created but not applied (you will be warned when you enter the Payments/Credits/Debits screen), you can use this button to apply the credit. When you create a credit, the balance is reduced, but the credit is not applied to the account’s balance until you use the Apply Credits button.
Credit This will allow you to create a credit for an the account. You will then need to go back into Payments/Credits will immediately apply to the open balance./Debits and apply the credit to the account’s open balance.
If you create a credit for a fleet account, you will not see it as a separate line item. However, when you go into the Payments/Credits/Debits screen you will see a “Unapplied Credits Exist” notice, and you will then see the Apply Credits button activated for use. For fleet accounts using the Balance Forward method, press the Apply Credits button, select the credit (you will see each unapplied credit listed as a separate line item), then click OK to apply it to the account’s open balance.
Caution! A common mistake is to create a credit, but not apply it to an open invoice. When you create the credit, the account balance is reduced, but the credit is not applied to an open invoice until you use the Apply Credits button. If this is not done and additional credits are created, you’ll have several unapplied credits. After finally applying them all, the account may have a large credit amount which must be corrected with a debit.
Debit This will allow you to create a debit for an account. It will appear in the bottom half of the screen along with any open invoices.
The Balance Forward method simply posts payments, credits, or debits against the account’s open balance. If you need to view account activity, use the Account Inquiry feature.
