Accounts Receivable (A/R) comprises a complete series of interactive programs designed for the control of invoices and payments. Customers may be designated as either Open Item, Balance Forward, or Hybrid.
The system provides the means for handling each organization’s unique requirements. Utility programs allow the user to define his own table of term codes, G/L control, Sales accounts, and audit trail serial numbers. In addition, the user may activate interfaces with the General Ledger and Invoicing systems, if available.
The Customer File contains all the active customer information such as name and address, aging trial balances, and a variety of flags. The Transaction Files is used to store all invoice and payment transactions. Used in combination, these two files allow the recording of invoice and payment transactions, printing of statements and aging reports, as well as online inquiry.
The A/R was designed to be very easy to operate while meeting the reporting and control requirements of large organizations.