The accounts receivable module is designed to provide full receivables reporting. Designed to function as an open item system, the module creates invoices based on your needs, and provides you with a comprehensive statement of all receivable activities. You can retrieve detail invoice information by customer or due dates. Monthly sales reports are available by customer or salesperson. Completing your end of month sales tax report is simplified with the use of the end of month summary report.
The module ages receivables on a standard 30-60-90 day schedule allowing you to evaluate receivables for cash flow requirements.
Unlike many other systems on the market, the system offers retainage processing at invoice entry. When you enter retainage on an invoice, the retainage is maintained, but not aged, until you activate the retainage.
If you have monthly recurring charges for specific customers the auto billing function is used. Since detail invoice entries are maintained, payment processing on outstanding invoices is handled on the screen easily.
SYSTEM HIGHLIGHTS
- Provides fully detailed reports on receivables.
- Automatically bills and updates customer accounts for recurring charges.
- Handles discounts, taxes and retainage, interest charges.
- Prints invoices on demand.
- Applies finance charges on past due billing where desired.
- Payments can be applied by invoice or FIFO method.
- Invoices can be grouped by classification.
- Maintains payment history by customer.
- Updates job revenue by detail line item.
- Handles text entries in addition to line items with detail quantity.
- Statements printed for all or selected customers.
- Customer aging is printed on statements.
- Statements print retainage held for added control.
- Invoices / statements maintained in detail.
- Handles time and material billing and prevailing rate billing.
