Accounts receivable software helps you track all the money your company is owed but has not collected yet.
How Accounts Receivable Software Can Work for You
Acumatica Accounts Receivable aids your organization with generating invoices, sending statements, collect and applying for payments, verifying balances, tracking commissions, and delivering customer reports. This accounts receivable solution is also fully integrated with all other Acumatica modules for seamless integrations no matter what industry you’re in.
Accounts receivable software helps you track all the money your company is owed but has not collected yet. This includes invoices you’ve sent for products or services you’ve already delivered.
Here’s how to find a solution that helps you improve your collections by automating processes, tracking receivables, and running comprehensive reports. For more detailed information view the data sheet below.
Get More Options for Statements and Invoices
Take Credit Card Payments
Meet Your Revenue Recognition Requirements
Manage Credit Control by Parent Accounts
Create contract templates to manage and apply recurring setup fees, monthly fees, renewal fees, overage charges, consumption-based fees, and minimum charge amounts. Specify start and end dates, a billing schedule, renewal terms, and line items. Contracts are linked to case management and employee time sheets for including billable hours and customer support hours in bills.
Map groups of customers to disparate AR accounts in the GL. Override default AR account during document entry. Acumatica accounts receivable software tracks account assignments in addition to, applies correct offsets and amounts when payment is applied.
Issue invoices and collect payments in any currency. Acumatica accounts receivable software maintains customer balances in the foreign currency and the base currency. Automatic currency translation provides real-time adjustments based on the current rate, computes realized gain or loss, completes currency triangulation on payment, and computes unrealized gain or loss for open items.
Automatically calculate VAT and sales taxes in addition to preparing for tax filing reports. Customer default tax zone can be overridden during document entry. Supports multiple tax items per document line, tax on tax calculation, and deduction of tax amount from the price.
Automatically enforce credit limits at order entry and at invoicing. Customer configuration options can create dunning messages for past-due accounts, block invoice processing or issue a warning, and temporarily increase credit limits.
Automatically apply payments to the oldest outstanding documents. Easily void incorrect payment application – where all affected balances will be automatically reversed.
Automatically calculate sales commissions. Commission can be split among multiple salespeople, linked to specific line items on an invoice, and paid when the payment is received or when the invoice is issued. Commissions can be calculated on a quarterly, monthly, or annual basis.
Automatically apply and calculate overdue charges. Compute overdue charges as a minimum charge amount or as a percentage.
You can control write-offs using a maximum write-off limit as well as an eligible customers list. Acumatica lets you write off small document balances.
Specify which roles and individuals can view and modify customer account balances and information.
Acumatica provides a complete audit trail of all transactions. Transaction records cannot be cancelled or deleted. Errors are corrected through reversing entries that are likewise documented. The system tracks the ID of the user who entered the transaction and the user who modified the record. Supporting electronic documents and notes are attached directly to transactions in the accounts receivable solution.
Acumatica accounts receivable software supports PCI DSS-compliant integration with Authorize.Net. Sensitive credit card information is never stored in the Acumatica ERP database. Instead, the system sends customer credit card details to the processing center through an encrypted channel for added security.