The Sage 500 ERP Accounts Receivable module helps you improve cash flow while enhancing customer service through more effective management of your entire collections process.
Accounts Receivable gives you the power of automation to speed up and streamline every step in your collection efforts, from invoice entry to the recording of payments. The system automatically calculates sales taxes, discounts, commissions, and due dates, and automatically distributes invoice amounts to the appropriate General Ledger account based on the item sold. During payment application, Sage 500 ERP lets you automatically apply cash receipts to open invoices, record and track overpayments, write off those balances that are within predefined tolerances, and even issue customer refunds all from one task. In addition, you can use the Sage 500 ERP desktop integration tool to quickly and easily create customized dunning letters, without any programming knowledge.
In addition to maximizing productivity and cash flow, the national accounts features in Accounts Receivable give you maximum customer management flexibility. National accounts enable you to group customers into parent and subsidiary relationships to facilitate orders, invoices, and settlements. Moreover, customers can be grouped for credit checking, so you can be assured that all affiliated companies are in good standing when an order is placed.
You’ll improve your collection efforts—and cash flow—because Accounts Receivable lets you monitor your customer accounts with a whole new level of timeliness and efficiency. With just a few clicks, you can access up-to-the-minute statistical summaries, as well as summarized or detailed transaction listings, and generate in-depth management reports.
Accounts Receivable Highlights
Divisional receivables and multiple bank accounts
Cash expectations forecasting
Full invoicing, including repetitive and cash invoices
Integrate with Project Accounting and Sales Order modules
Commission tracking, reporting, and payment using the Payroll