Accounts Receivable is a flexible and complete distribution system that enables you to produce aging, history and customer analysis reports as well as customer billing/dunning statements and gain immediate access to customer account activity.
The system handles every facet of accounts receivable, providing timely and accurate information so you can make
informed decisions about credit history, cash flow and billing schedules. Recurring transactions prevent re-keying of invoices with charges that are issued on a regular basis, such as monthly dues or other fees, and insure billing doesn’t get overlooked.
Multiple Billing Cycles, Easy to Read Statements and Comprehensive Dunning Notices help you maintain strong communications with your customers. Statements can be issued for a particular customer to accommodate unique situations when individual contact is needed. Free-form message lines provide for pertinent notes or announcements.
Designed to improve Customer Service the on-line inquiry capability lets you review complete customer history. Quickly and easily you can evaluate by customer: Average Days to Pay, Overdue Balances and Payments received. Opening the “window” of detailed breakdown lists individual transaction specifics with type, date, number, comments and salesperson.
Payment entry is easy and straight forward and can be either applied to a specific transaction or left unapplied, for example, when a customer makes an overpayment or you want to record the receipt of cash immediately. The system supports both Balance Forward or Open Item accounting by customer and automatically calculates finance charges. Payment options allow selecting invoices from an on-screen list or entering multiple customers by invoice in a single batch. Import of payments through the Remote Payment File handles electronic fee submission.
Para Research’s Aged Receivables Report will become an invaluable tool. Either in Summary or Detail, this report allows inquiry for an individual, or any combination of customers. You review your Accounts Receivables by aging dates or for balances over any user-defined periods. Forecast Cash Receipts in detail or summary for periods of any length. Access to Paid Customer History for a selected beginning/ending date time frame provides immediate credit answers. Comparison Reports of actual and budgeted amounts by budget version and fiscal year assist with revenue predictions.
Para Research’s Accounts Receivable is designed to help you manage your company’s cash flow while assisting with getting your customers to pay on time.
Features Include:
• Import Remote Payment File
• Recurring invoices with pre-determined charges
• Multiple budget versions
• Group customers by type
• Complete Customer Service
• On-line account history
• Fast payment entry mode
• Statements on demand
• Dunning (late) notices
• Free-form Statement message lines
• Aging and cash forecast reports
• Average days to pay calculation