Accounts Receivable

Advanced Business Systems · 2225 Colonial Ave. · Erie, PA 16506 · (814) 833-2393

Accounts Receivable

The Accounts Receivable system enables the user to accurately control and record customer payments and evaluates sales policies and performance. It processes cash receipts, calculates finance charges, updates current invoices, customers, and balances, generates customer statements, and provides details reports of transaction activity, sales tax totals, and account histories.

The Accounts Receivable system can perform the following function:

	Post cash receipts automatically, semi-automatically, or as specified by the user.
	Process invoice adjustments and non-receivable cash.
	Reestablish cleared invoices without interrupting the data flow.
	Automatically calculate and report finance charges and adjust account balances accordingly.
	Produce customer statements for all customers or for customers selected by ID code, by credit status, and/or by minimum balance.
	Accumulate, update, and provide access to receivables statistics for each customer account in the system.
	Report sales tax.