Accounts Receivable
Accounts Receivable is integrated with the GL and Customer Invoicing of the Enterprise Software application suite.
- Customer Account Management with on-line inquiry by open invoices, unapplied payments or credits, adjustments and full customer history including aging and average days to pay
- Flexible Online or Batch Cash Application with processing of payments, credits, discounts, write-offs and adjustments to a Customer Account
- ‘Quick’ cash application for high transaction volume
- Multi-bank feature by location or centralized cash application
- Automated Factor Processing runs
- Credit Approval Processing with on-line authorization
- Full Credit Card processing with automatic bank load and matching of payments to charges
- Direct entry of Invoice and Credit Memos to Accounts Receivable and Customer accounts
- Non-AR Cash Entry provision for management of miscellaneous cash through standard operating procedures
- User assigns multiple Cash (Bank), Accounts Receivable and Discount Accounts to Customer by Currency and Location
- Consolidated Cash Application across multiple companies with automatic posting to intercompany accounts
- Optional 'Auto Apply' of cash payments to Invoices
- Flexible daily or monthly aging based on Invoice or due date
- Optional aging of credits
- Automatic Intercompany postings for Invoices and Credit Memos
- AR Lock Box processing with electronic bank load and automatic payment match to invoices
- Multiple Payment types include Check , Wire Transfer, Credit Card or Factor Payment
- Payment and credit memo application inquiries support search and detail review of any customer transaction
- On demand or batch runs for Invoices, Credit Memos, Statements and Past Due Notices
- On-line Check Reconciliation with automatic adjustment to the General Ledger
- Centralized or decentralized customer invoicing and payment collections (optional)
- Orders are consolidated for shipment to customers, dealers and chain stores or their distribution centers (optional)
- Shipping Journals from warehouse locations are matched with Invoice Journals for centralized or decentralized customer invoicing and central remittance of customer payments (optional)
