Transfer Payments (Zero Balance/Credit Balance)
This account is credited and debited when performing a Transfer Credit Balance from one invoice to another. A credit and debit is performed simultaneously which will cause the account to always equal zero.
This account is required if using the “Transfer Credit Balance” Payment function. If a balance remains in the account, this typically indicates that a transfer was committed, but the associated invoices were not created. To verify the balance, run the A/R > Pre-Billing Report with the option ‘Only transfer charges that map to credits”. The balance in the account should match the amount of credits returned with Pre-Billing Report with the option ‘Only transfer charges that map to credits”.