Accounts Receivable
Use the AR Review application to review accounts receivable balances and invoices you have sent to a client.
After you create invoices in Interactive Billing and Batch Billing, you post them in . Then use to:
- Find out which of the projects for a client have outstanding invoices, and display invoice information, including invoice totals, aging data, interest, and retainage if any.
- Read, add, edit, or delete comments about an outstanding invoice.
- Preview or print accounts receivable reports.
Invoice Mapping
In , use invoice mapping to direct the implicit posting of invoices to the appropriate accounts receivable accounts and map revenue account postings (entered through Invoice Transaction Entry or from Interactive Billing) to report columns on the Office Earnings report and/or Accounts Receivable Ledger.
Cash Receipts Mapping
In , you map accounts receivable accounts for cash receipts to the appropriate columns on the Accounts Receivable Ledger. By default, cash receipts are displayed as a total amount on the Accounts Receivable Ledger. To display cash receipt amounts by their components in the columns of this report, you must complete the information on this tab.
You should map your accounts if you have multiple accounts receivable accounts and the same account is mapped to different columns for Invoice Mapping.
Because you can split revenue accounts into different columns, you must specify default columns for the accounts receivable accounts in the chart of accounts.
Accounts Receivable Aging Alerts
Accounts Receivable Aging alerts can help you keep track of and manage your outstanding invoices. You can establish alerts to inform employees of events or tasks that need attention. Set up Accounts Receivable Aging alerts that send messages to team members when the balance for a client, project, or invoice reaches an aging limit and is considered overdue. For example, set up an alert to inform project managers when invoices are 30 or 60 days old.