Proper management of Accounts Receivable Cloud Accounting has a positive impact on cash flow and reduces bad debt. An accurate and up-to-date aged receivables listing can identify delinquent accounts and assist your credit department in maintaining control of those situations. Customer balances are re-aged daily and statements can be printed on demand. Finance charges can be applied to selected accounts.
Extensive inquiries provide immediate access to vital customer information, including aged A/R detail and a complete invoice and payment history. Integration with the FIRST OPTION FINANCIALS (formerly Daprex) Internal Note System provides a powerful tool for maintaining a tickler file for credit tracking.
Open item system enables accurate receivables aging.
Daily aging of invoices immediately identifies overdue accounts.
Ability to set and monitor customer credit limits.
On-demand summary and detail aging reports.
Interactive screen inquiries provide access to detailed customer information.
Powerful cash receipts processing.
Finance charge billing.
Monthly detailed Sales Journal inquiry.
Graphical User Interface.
Six user-defined aging categories.
Customer verification with each entry.
Automatic due date and discount calculation.
Flexible cash receipts processing.
Multiple deposit accounts.
Access by customer account#, name, invoice#, or invoice amount.
Full, partial and on-account payments.
Manual or automatic discount computation.
Multiple write-offs and adjustments per invoice.
Charge back processing.
Selective statement cycles.
Instantaneous retrieval of customer data via screen inquiries.
Access by customer#, name and/or zip code.
Aged account detail by aging category.
Unlimited customer invoice and cash receipts history.
Delinquent account status.
Note tickler file entry, inquiry and reporting.
Sales tax reporting.
Integration with the FIRST OPTION FINANCIALS (formerly Daprex) General Ledger.