What is unallocated cash on a sales ledger account and how do I clear it?

Modified on Thu, 30 May 2024 at 02:39 PM

Unallocated cash acts like a pot of cash (a credit balance) on the account that can be used to clear off current or future invoices raised on that account.

To clear it off you have to post a zero receipt, the video below details this in more detail.

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