Accounts Receivable/Payable

Accounts Receivable

The Accounts Receivable module is tightly integrated with Sales Order Processing for the aging of Invoices and Credit Notes.  Also due the Sales and Shipping process information on outstanding balances and past due invoices is used for credit checking.  Additionally, miscellaneous Debits and Credits can be created as well. 

Cash Receipts can be easily entered and applied to outstanding balances, including integration with Lockbox cash receipts.  Customer Deductions can be easily recorded during cash receipt and applying to open transactions with offsetting Billbacks that can be investigated and approved or charged back to the customer.

Accounts Payable

The Accounts Payable module is tightly integrated with Purchase Order Processing for the aging of Invoices and Credit Notes.  Also, non-purchase order related invoices and credits are easily entered.  Aging of Outstanding Payables is maintained and Cash Disbursements from multiple bank accounts can be created with traditional check generation or electric funds transfer.