General description

Money which is owed to a company by a customer for products and services provided on credit. This is treated as a current asset on a balance sheet. A specific sale is generally only treated as an account receivable after the customer is sent an invoice.

General features

• Maintain a Customer Invoice Record on the dollar amounts to be collected from Redundancy customers as well as the associated general ledger account distribution information for revenue.
• Automatically assign voucher numbers to each input transaction for control and audit trail purposes. This accounts receivable feature can be overridden by the setting of System-Option-16 (DB03).
• Automatically post voucher information to specific ledger accounts to eliminate clerical posting errors by interfacing directly with the General Ledger System (AR09). Either the cash or accrual accounting method is supported.
• Print accounting reports, such as Customer Invoice Report, Cash Receipts Report, Aged Receivables Report, Receivables Distribution Report and other reports to provide an audit trail of data entered into the system so that adequate control is maintained over company cash receipts and revenue distributions.