Automatic Allocation of an Accounting Transaction

When you choose to automatically apply an accounting transaction, Orion gives you the option of applying by Invoice, Apply Order or by Apply Order, Invoice.  Following is how each is handled by the system.

        1.    Invoice, Apply Order - if you choose to apply by Invoice, Apply Order, Orion will automatically use the transaction to pay off the oldest Invoice and continue until the amount is fully applied.  If an Invoice cannot be fully paid off by the transaction, Orion uses your application priorities to determine what is paid on the Invoice.

        2.    Apply Order, Invoice - if you choose to apply by Apply Order, Invoice Orion will look at the Apply Order and pay off all of the first category across all Invoices from the oldest to the newest, then it will go to the next category and so on until the transaction is fully applied. For example, if your Apply Order is set at Costs, Expenses, Fees and Interest, Orion will pay off all costs on all open Invoices, then all expenses, etc. until the amount is fully applied.

NOTE: The last apply order you used is held as a default for your User ID.