This article describes how the principal payments functionality can be used as an enhancement to the scheduled payments functionality in Receivables Management in Microsoft Dynamics GP 9.0.


When a customer sends a payment that has an additional amount that is to be applied to the principal, you can use the principal payments functionality to apply the amount to the remaining principal balance on a scheduled payment. The scheduled payment will be reamortized. To do this, follow these steps:


To open the Apply Sales Documents window, click Transactions , point to Sales , and then click Apply Sales Documents .


If you try to apply a payment transaction to a scheduled payment document that has a smaller amount than the payment, you receive the following message:

Would you like to apply principal payment amount to the principal?


Click Yes . The Principal Payment window appears to confirm the action.

The principal payments functionality was first included with Microsoft Dynamics GP 9.0 Service Pack 1. To use the principal payments functionality, obtain the latest service pack for Microsoft Dynamics GP 9.0. For more information, visit one of the following Microsoft Web sites, depending on whether you are a partner or a customer.



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