Accounts Receivable
The CPA Solution has a fully integrated Accounts Receivable (A/R) module.
For instance, when you complete a client bill, the A/R module immediately displays the invoice and makes it available for reconciliation when you eventually collect cash from the client.
In the A/R module, the Finance Department can handle the following processes:
- Set up template clients to be used when creating clients in the solution.
- Use client hierarchies to establish client relationships for reporting purposes, supported with up to five levels of hierarchy.
- Use linking rules to set up hierarchies between clients (for example, linking clients that are part of the same group and, therefore, may have identical payment terms).
- Share the same client number and still manage client data by legal company, if you run a multi-company setup (with multiple legal companies in the Maconomy database).
- Enter client payments, using two different methods.
- Reconcile client payments with invoices (you can also reconcile credit memos with invoices).
- Look up client journals and review history.
- Related Topics:
- AR Transactions
The CPA solution offers an AR Transactions workspace that is simple to navigate. - AR Lookups
The AR Lookups workspace within the CPA solution includes four lookup windows that provide different value based on the type of information that you want to access. - AR Setup
The AR Setup workspace is designed to provide a single point of entry to complete all of the daily or weekly A/R setup-related activities. - Credit Control
The CPA Solution includes functionality that supports the process for pursuing accurate and timely payments from your customers.
Parent Topic: Back-Office Modules and Key Features