Receivables

The accounts receivable application will process all transactions on an open item or balance forward basis. All transactions will appear on a monthly statement at least once. All  transactions for a given invoice number will be saved until they balance to zero. Balanced transaction will be purged after the customer's next statement.

Invoice summary transactions will automatically be posted to accounts receivable by invoicing batch.

The accounts receivable application will support customer inquiry to review summary aged databases or all detail transactions. 

Cash receipts may be applied to the customers detail A/R invoices. A customer's invoices will be displayed on the screen and check amounts will be posted to each invoice  transaction. Unapplied cash will be posted as separate transactions with check number and date within each customer. If balance forward processing is used, all cash receipts will be applied "on account."

The aged trial balance, as with A/R inquiry, will provide two levels of detail; either customer summary or invoice detail with all transactions, both with aging. Each of these  reports will be in customer account number sequence.

Customer statements will include all open transactions in detail. Statements may be printed for all customers with balances or specific customers only. Optionally, customers with  zero or credit balances may be printed. A customer message may be printed on statements and changed each month.