Account Receivable Software

What is Account Receivable?

Accounts Receivable helps you record and track the buyers' related information. Essential information such as the buyer's contact information, history, invoices and bills charged to the buyer for the services provided, payments made, and payment terms are merely some of the facts provided within this service.

Why do you need Account Receivable Software?

Account Receivable Software lets you record the buyers' invoices and generate the reminders and payment demands to the same. The software also reminds you when payments are due and the terms defined for the specific buyer.

Account Receivable Software helps you tighten control on your cash flow by synchronizing with the Cash Flow module to provide information required to estimate expected cash flows. This application also helps ensure that all payments are being made on time. If any balance remains, it will be displayed in the aging and the buyer's history reports...

Account Receivable Software Benefits

• Track Buyer information
• Ensure payment control
• Serve as the basis for estimating projected Cash Flows
• Ensures that payments are made on time to avoid bad-debts and generate cash inflow
• A are capable of generating automated reminders and invoice reminders

Account Receivable Software often integrates with:

General Ledger
Inventory Control
Sale Order
Cash Flow Management

Functionalities you may need in the Accounts Payable module:

• Does it fully integrate with the General Ledger?
• Does it allow an unlimited number of buyers' records and years in buyer history?
• Does it allow user-defined buyer IDs?
• What are the limitations of creating a Buyer ID? (For example Buyer ID length)
• Does it allow creating custom fields on the buyer record and record detailed notes?
• Does it allow maintaining default accounts for AR, Sales etc. for each Buyer?
• Does it allow adding buyer on-the-fly during transaction entry?
• Does the system record and automatically apply buyer terms and discounts?
• Does the system allow the user to liquidate outstanding encumbrances during invoice entry?
• Can you select sales invoices for receipts individually or using custom parameters?
• Can you disburse from multiple cash accounts in the same cheque?
• Does the system have the capability to print pre-configured or custom sub-ledger reports, including aging and cash flow projections?
• Can you charge the buyer electronically?
• Does the system allow customizable cheques and vouchers