ACCOUNT RECEIVABLES MODULE
Is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe, called credit terms or payment terms.
Some of the Features that are gonna blow your mind off
Group Receivables Accounts.
Open item or balance forward.
Import data from front-office.
Transfer invoices to A/R Accounts.
Post adjustment or Rebated transactions.
Edit / Correct AR statement of Invoice.
Invoice / covering letter for dispatch of folios.
Created and Apply Statement of invoices.
Receive payments and Apply payments to existing invoices.
AR Documents attached to statement of invoices.
Defined reminders letter or statement of outstanding invoices.
Issuing AR Vat exemption.
Post foreign exchange gain/loss transaction.
Automatic General Ledger journal.
Print statements of invoice, Payment Registers and Folios.
AR - Credit card controller.
Transfers Report from Front Office.
Daily Transactions Reports.
Payments transaction report.
Ageing Summary and Details.
Credit card vat & commission payment report.
Daily mail cash / credit card received report.
Over Credit Limit Report.
Balance Confirmation Report.
Business Production Report.
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