Accounts Receivable

Efficient management of cash flow is critical to the success of any business. Since Accounts Receivable is an asset that will soon be converted to cash, the Accounts Receivable files must be updated constantly to reflect current balances at any given time. The ability to have accurate information on anticipated cash receipts, and to identify slow pays before they become a problem, are vital tools for over all Accounts Receivable control.

Accounts Receivable is easy to learn and provides reports that are formatted to help management monitor anticipated cash receipts and past due balances.

Application Description

Accounts Receivable automatically receives invoice information from the Production and Media Billing applications. Invoices can also be entered directly into the application. Aging reports, payment analysis reports and historical data can be printed or viewed on screen. Client payments are easily recorded by clicking on invoices in a window. Features and reports generated by the application are explained in detail below.

HIGHLIGHTS

	Easy to learn and use
	View Windows show all data
	Monitor AR balances daily
	Historical AR information
	Quickly record payments

Accounts Receivable Aging

	Lists all unpaid invoices
	Detail or summary format
	Request by client, division, account team or account executive
	Print for any period, including prior fiscal year

Client Statements

	Print statements for mailing to client
	Statements show all unpaid invoices in detail
	Aged summary included

Accounts Receivable History

	Complete history of client’s invoice transactions
	Invoice and payments are itemized, by invoice number, date and period

Average Payment Days

Averages clients’ payment history by three month, six month and twelve month periods.

Account Reconciliation

Aging report reconciles to general ledger

Cash Receipts Session

	Multiple bank accounts
	User clicks on invoices that are being paid
	Discounts allowed are easily recorded
	A running balance of the payment amount displays on screen
	Client’s check number can be recorded on each payment record.
	Payments can be recorded in multiple periods

Accounts Receivable Invoices

	AR invoices not related to Production and Media Billing can be entered
	Multiple AR general ledger accounts

Accounting Journals

	Journals can be printed showing all AR general ledger transactions for a month
	Journals include cash receipts, AR invoices AR transactions and discounts granted.

On Screen Viewing

AR data can be viewed on screen and printed

Ad-Input®

General Ledger | Accounts Receivable | Accounts Payable | Cost Accounting