Features

• Provides various methods of cash application, including specific invoices, oldest invoice forward, on-account, partial payment to one or more invoices, etc. The system automatically checks for duplicate invoice numbers.

• Offers an extensive customer inquiry feature that provides a complete picture of the customers’ credit history, including their credit limit, high balance, days to pay, average invoice amount, A/R balance, A/R aging, and sales history.

• Complies with your organization’s fiscal calendar updating and processing receipt information by fiscal period.

• Requires the user to balance each cash receipt. Receipts must be applied in full to an invoice or to an account. The Accounts Receivable System identifies any out-of-balance condition and will not allow a journal entry posting to the General Ledger System.

• Computes “average days to pay” and appropriate statistics. Accounts can be aged with a user defined aging period.

• Automatically assigns General Ledger account numbers to all amount fields.

• Includes the ability to run statements for any level: company, division, department, cost center.

Note: This system can be used as a stand-alone application when using the Manual Invoice Entry feature.

Job or order billing will update the customer’s open balance records when the manual invoice entry function is integrated with the Job Costing System and the Order Processing System.