Accounts Receivable

[Note: In packaged accounting software some of the customer ordering features listed below may be instead included in the order entry module.]

Customer Master File

 Name, address, credit limits, taxable, commissions, late charge fees...plus...

Open Item or Balance Forward 

Automatically Assigns New Account Number

Multiple Ship to Addresses 

Stores UPS Zone Code

Default Revenue Code

Credit Rating  

Set Individual Credit Limits

Set Blanket Finance Charges

Set Individual Finance Charges 

Set Individual Sales Discount  

Set Blanket Payment Terms   

Set Individual Payment Terms

Tracks Customer Payment History

Primary Contact & Telephone Number

Sales Account Representative

Record Exemption Id’s for Non-Taxable Customer 

Inputs

New customers

Customer updates

Customer transactions for history reports

Occasional and one-time customers

Order entry application

Input for customer invoices

Cash Receipts

System Displays all Outstanding Invoices

Credit Payment to Multiple Open Items  

Supports Variable Payment Terms 

Supports Less Than Full Payment 

Supports Prepayment

Calculate and Retain Overpayments  

Prints Overpayment Checks and Refunds  

Write off Small Amounts

Reinstate an Invoice for Insufficient Funds

Automatic Notation of Bad Checks

User Defined Purge of Paid Invoices

Prints Deposit Slip

Debit & credit adjustments

Outputs

Quick Payment Review:

Last Invoice Number

Last Invoice Date  

Invoice Amount 

Last Payment Date  

Check Number

Amount 

Average Collection Period  

Percentage On Time Payment 

Years as a Customer

Invoicing

User Designed Invoices 

User Designed Statements

Automatic Invoice Numbering

User Defined Invoice Numbering 

Automatic User Defined Invoice Numbering

Automatic Billing of Recurring Invoices 

After the Fact Invoicing

Automatic Credit Check 

Overdue Account Flag

Input Reference Number on Invoice  

Override Default Payment Discount Terms

User Defined Description Codes  

User Defined Messages  

Multiple Sales Tax Reporting

Line Item Default Tax Coding

Posts Sales Tax Liability to General Ledger

Posts Sales Tax Liability to Accounts Payable  

Segregates Freight Charges 

Calculates Freight Charges Automatically

Automatic Calculation of Discounts 

Prints Multiple Copies Automatically

Real Time Automatic Inventory Adjustments  

Supports Debit and Credit Memos

System Prevents Excessive Credit Memos 

Aged A/R report (w/ ability to change time slots)

Cash flow forecast

Customer accounts status

Customer file list (w/ various sort capabilities)

Customer history report

Ordering history and payment history

Sales analysis reports

By customer,  by product, or by other specific groupings

Gross profit analysis report

Key variables

# of customers
# of locations per customer
# of transactions stored