Accounts Receivable

The Accounts Receivable module is responsible for managing all of your customer accounts. From here, you can maintain the customer master file, print invoices, track receivables, apply cash, print customer statements, and manage deposits and collections.

Overview of the Receivables Process

	Typically, a receivables transaction is originated by the generation of a customer invoice. Many tools are available to streamline this process including the use of customer and product master files, incremental searching and selection tools, and the use of pre-set defaults and configurable pull-down menus. Invoices may be manually entered, or automatically generated from the Order Entry module.
	Once entered, invoices may be printed in several formats including a laser-generated form showing your company logo, the customer's "Bill-to" and "Ship-to" addresses, the purchase detail, and a section for free-text notes and comments.
	After the invoice has been printed, accounting transactions are generated and posted to the appropriate accounting journals.
	When payments are received, they may be applied against open receivable transactions in either an open-item or balance-forward fashion.

Other Noteworthy Features

	"Invoice Templates" may be set up so that recurring invoices may be easily generated on a monthly or periodic basis.
	All customer account information is available from a single screen showing open receivables, running totals, and balanced journal entries.
	Bank deposit tickets may be printed showing the day's deposits broken down by payment type (cash, check, credit card, etc).
	Customer Statements may be generated by a number of conditions including aged balance: (all customers owing more than $100 for more than 90 days, for example.)

Summary of Reports

	Invoice Register
	Invoice Detail Reports (Analysis by Product or by Account Number)
	Invoice Commission Report
	Receipts Register
	Customer Account Aging
	Open Receivables Report
	Revenue Reports (Analysis by Customer and by Account Number)