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Executive Summary for Financial Portrait Accounts Receivable

Financial Portrait Accounts Receivable Executive Summary


Financial Portrait Accounts Receivable Executive Summary   (Show Details...)   

Financial Portrait Accounts Receivable is designed to take off where your billing procedure ends, providing you with a clear view of your customer's credit status.  A full range of cash application, collection and customer service features are provided to allow you to keep your Accounts Receivable to a minimum.

  • Lists open invoice amounts for large accounts on-line, allowing quicker cash application
  • Increases accuracy by providing fingertip accessibility to all customer balances during cash posting
  • Reduces errors and adjustments by allowing on-line transaction review and correction prior to final posting
  • Receives invoice transactions from external billing applications
  • Outputs credits and debits to the Financial Portrait General Ledger system with user control over the level of consolidation
  • Handles consolidated payments from multiple customer locations through the assignment of an "A/R Point"
  • Prevents redundancy in customer address information yet allows credit terms and payment statistics by customer and company
  • Calculates due dates, discount dates and discount amounts automatically
  • Classifies transactions into six major categories including invoices, payments, discounts, adjustments, finance charges and miscellaneous cash receipts
  • Allows management controlled definition of A/R transaction codes, triggering appropriate system functions based on familiar keyword term terminology
  • Tracks open balances by division or product line using multiple categories of receivables
  • Sequences and selects customers by any one of nine installation specific criteria or eight action dates
  • Highlights problem accounts with flexible reporting (and organization) of past due balances
  • Supports efficient and organized collection efforts through the use of conversation notes and follow-up dates by customer



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