Configure Accounts Receivable Settings

Use this screen to set up key Accounts Receivable options before working with customer invoices, charges, or cash receipts.

These settings ensure that customer transactions are recorded consistently and follow your organization’s accounting practices.

You can use this screen to:

• Set up customer finance charge information.
• Define column headings and days-past-due ranges for aging of invoices.
• Establish default accounts for entering cash receipts and customer transactions.
• Configure cash receipt approval settings.

Set this screen up before you enter cash receipts or set up customers. However, you can modify it at any time depending on the changes in your company's accounting policy.