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RealWorld Expertise.LAN/Expertise.SQL
Accounts Receivable
Collect your receivables faster and more efficiently with the Accounts Receivable
module. Accounts Receivable offers extensive options for managing all aspects of sales,
pricing, sales commissions, customer credit, billing, taxes and shipping. You'll have easy
access to vital information such as who owes you money and when it's due. You'll be able
to generate monthly statements and management reports.
- Accounts Receivable supports balance forward and open item statements by customer, and
unlimited payment terms with discount tracking. Customer credit limits can be
automatically checked on orders and tracked through the business cycle.
- Scheduled or cycle invoice options are available with finance charge control based on
simple or compound interest rates. Recording non-sufficient funds (NSF) checks allows
users to reinstate an invoice and charge the customer a service fee. Standard or
custom-designed invoices, statements, sales orders, and deposit slips can be created.
- Up to 200 line items can be entered for each order. Thirty-two user-defined tax
categories are available for special taxes (i.e., services, durable goods, environmental,
excise, etc.), with special taxation methods for each price table. Accounts Receivable
supports tax authorities and tax on tax with break points.
- Each customer can have an unlimited number of ship-to addresses, with access to an
unlimited number of freight tables, including UPS zone tables, that can be associated with
each shipping address. Freight can be incorporated into the unit price of each item. One
hundred maximum weights per table can be automatically calculated with rates per unit of
weight or add flat rate.
- There are an unlimited number of options for inventory pricing by customer type and
contract purchasing level. Special promotional sale prices are handled, with sale dates
and pricing set for each price table.
- Commissions can be calculated relative to quota levels and can be shared with account
managers or between salespeople, providing multi-level supervisor reports as required.
Sales commissions can also be calculated for specially priced items or at the time of
invoice or payment.
- Time billing is supported, with default or special rates per billable employee.
- Accounts Receivable integrates with General Ledger, Inventory Management, Payroll, Point
of Sale and Sales Order modules.
- Customers can be defined with a ten alphanumeric character code, ten discount levels and
ten payment methods. Up to a 20-character alphanumeric alternate look up or sort field is
available.
- Five-digit decimal places can be used for quantity, price, and weight calculations.
- Unlimited payment terms with discount tracking can be handled.
- Customer, sales order, and inventory inquiries can be easily made.
- Customers, ship-to addresses, sales orders and inventory items can be entered
on-the-fly.
- Automatic kit explosion is allowed.
- Serial numbers can be accessed during invoice processing and tracked from purchase
through sale.
- Open items, terms and commission adjustments are allowed after posting.
- Voided transactions are automatically handled.
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