Core Accounting Software: Accounts Receivable

Accounts Receivable provides the tools necessary to maintain control of your company's complete receivables cycle. AR improves cash flow management by streamlining your invoicing procedures and reducing the time between shipment and payment. Invoices that are generated by Order Processing and other third-party applications can automatically flow into Accounts Receivable to eliminate manual processes. Built-in credit management functionality automates the process for identifying, tracking, and collecting from slow-paying or delinquent accounts.

Transaction Processing

Our AR module streamlines the entry, correction, and copying of invoices, debit memos, credit memos, receipts, and adjustments. A full audit trail is provided on all transactions to give auditors complete visibility. If you're looking to offer extended terms allowing multiple progress payments on an invoice, each with its own due date, you can do that in our accounting system! You can also automatically generate recurring invoices, saving you time every month.

Cash Receipts

Our system helps you process cash receipts accurately by providing:

• Pick and Pay entry for efficient processing
• One-click discounts, write-offs, and adjustments
• Reason codes for all adjustments, debit memos, and credit memos

Credit Management

Do you have problem accounts? Of course you do. Our credit management capability lets you address your problem accounts by exception. You can make informed decisions quickly by accessing any customer's credit history directly from AR (security permitting). Improve the efficiency of your online credit review with extensive queries and optional printing, faxing and emailing of invoices, statements and dunning letters. Monitor and manage your staff's performance with credit management reports by credit manager, credit dates, or sales rep.

Queries

Supporting documents and detailed information are within easy reach in AR including:

• Extensive drill-down queries by customer
• Online aging complete with credit information
• Descending balances query showing customers in order of outstanding balance from highest to the lowest

Reports

Integrated reporting functionality lets you create and customize reports on the fly such as:

• Aging by invoice date or due date
• Month-end balancing of accounts receivable to General Ledger
• Standard receivable reports, aging, and statements
• Distribution reports for invoices, receipts, and adjustments

This article on the Accounts Receivable module is part of a series about our core accounting software.