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Agenda Overview of AR AR Transactions Receipts Application of Receipt Transfer to GL Standard Reports 2 .
Overview of AR Create Profile Classes Enter Customers Create Invoices Print Invoices Send to Customers Receipts 3 Collections .
Transaction Workbench 4 .
Creating a Standard Invoice Enter invoice header information Enter invoice lines Enter salescredit Enter freight lines 5 AutoAccounting creates accounts Complete invoice .
Create Transactions in AR (N) Transactions>Transactions 6 .
Enter the Header and Line Information 7 .
Line Information 8 .
and create a new debit item to bill customer for unpaid balance of original invoice. Chargeback 9 .) Bill customers for products or services that were not included on the original invoice Adjust the remaining balance of an existing debit item to zero.Transaction Classes Class Invoice Credit Memo Debit Memo Description Bill customers for products or services Credit customers (On-account credits do not refer to specific invoices.
not the guarantee.Transaction Classes Class Deposit Guarantee Description Bill customers for contractual agreements A contractual agreement that is referenced by invoices.) Bills Receivable A document that your customer formally agrees to pay at some future date. 10 . (Bill customers for the items on the invoice.
Receipt Workbench Apply to customer account or invoice Enter receipt Update customer balance Clear receipt 11 Reconcile bank statement .
Receipts Types 1. Cash Receipts records receipts from customers to pay for past or future debit items Miscellaneous Receipts record Receipts not related to the organization’s usual transaction activity Such as Interest Charges or other Income 12 . 2.
Entering Receipts AR Module -> Receipts -> Open 13 .
Posting to General Ledger Navigate to Interfaces -> General Ledger 14 .
Submit the General Ledger Transfer Program: Specify the Necessary parameters Once the above program is run system transfers the AR transactions to GL and creates Un posted Journals 15 .
Reports in AR > Account Status Report > Billing & Receipt History > Adjustment Register > Receipt Register > Billing Register > Applied Receipts Register > Customer Listing .Detail > Sales Journal by Customer > Sales Journal by GL Account > Unapplied Receipt Register The above are some of the many available Reports in AR Module 16 .