Accounts Receivable

The PSO Solution has a fully integrated Accounts Receivable (A/R) module.

The module is preconfigured, but you typically make changes to this configuration during the implementation, such as creating the correct payment terms, interest principles, currencies, countries, and so on.

In the A/R module, the Finance Department can handle the following processes:

• Set up template customers to be used when creating customers.
• Set up approval hierarchies for new customers and changes to customer data.
• Use linking rules to set up hierarchies between customers (for example linking customers that are part of the same group and therefore may have identical payment terms).
• If you run a multi-company setup (with multiple legal companies in the Maconomy database), you can share the same customer number and still manage customer data by legal company
• Control cash collection to ensure your cash flow.
• Set up interest charge principles and run a total interest charge selection posted in the General Ledger and A/R and subsequently printed as interest charge notices.
• Create reminder selections and print out a batch of all reminders to customers.
• Reconcile customer payments.
• Print standard reports for balance and aging lists, as well as open customer entry statements.
• Look up customer entries.