Accounts ReceivableClick Here to Enlarge Screen Shot
The Accounts Receivable software system provides important cash flow information that is vital to the effective management of your business. This flexible and customizable credit management software system allows you to control your receivables by defining customer credit terms and limits, and by specifying your own invoicing and statement cycles as well as base format (either open items or balance forward).
The accounts receivable management system provides comprehensive information about your company’s credit sales and cash receipts. This customer-related information includes current and historical data, such as order activity, outstanding account balance, and current and past payment performance. You can instantly share customer payment and credit data with VISUAL Enterprise, and automatically generate A/R invoices from VISUAL Enterprise shipping activities. If the customer has pre-paid for their order, VISUAL can automatically deduct the amount of the prepayment or credit from the invoice total. Create journal entries for VISUAL Financials General Ledger as a result of A/R processing, and assign customer accounts to specific A/R control accounts within the General Ledger.
The credit management software capabilities within the A/R module of VISUAL Financials allow you to generate credit memos from VISUAL Enterprise returns. Additionally, you can create credit memos for price adjustments, then apply them to open invoices. Manage credit risk customers with Collection Schedules, and apply collection notes to provide diary-tracking capability for credit management.