Accounts Receivable provides the accounting information required for analysis and control of your company's revenues. Invoices, cash receipts, and adjustments entered through an online user workstation, as well as detail or summary information generated from Order Entry, provide the input to Accounts Receivable. All transactions entering the system are controlled and processed against individual customer accounts. Data validation, such as customer number, G/L account number, and item code, occurs online and does not allow invalid or out-of-balance data to post to master files. During posting, Accounts Receivable can transfer information to the General Ledger, General Subsidiary, Accounts Payable, Commission Accounting, and/or Sales Analysis applications.
Accounts Receivable can support either twelve or thirteen financial periods per fiscal year. The fiscal year may be synchronized with or independent of the calendar year. Other applications may coincide with the Accounts Receivable accounting period, or may be ahead of or behind that used by Accounts Receivable. Transaction entry functions allow the user to specify the month and year to which a transaction is to be posted.
The Close Month function within Accounts Receivable deletes historical data older than the number of months of history you choose to keep and prepares the files for the next accounting month.
Other application features include:
- Customer Type and Area
- Transaction Control
- Cash Flow
- Historical Information
- Customer Refunds
- Service Charges
- Statements and Dunning Letters
- Open Item or Balance Forward Customers