Accounts receivable software helps you track all the money your company is owed but has not collected yet. This includes invoices you’ve sent for products or services you’ve already delivered. Here’s how to find a solution that helps you improve your collections by automating processes, tracking receivables, and running comprehensive reports.
Accept PCI-compliant credit card payment with flexibility to handle manual charges, transaction voids, and refunds. View credit card transactions and issue warnings about expiring credit cards. Connect to any bank processing center with included plug-ins
Use deferred revenue codes for individual line items at invoicing to support your revenue recognition requirements. It will recognize the current part of deferred revenue and generate the appropriate transactions.
or statistical data, or proportional to other account balances. Create and run multiple subsequent allocation templates.
Create recurring income and expense transactions based on specific schedules and time periods. Design templates with expiration dates, execution limits, and custom execution schedules.
Map groups of customers to different AR accounts in the GL. Override default AR account during document entry. Accounts receivable software tracks account assignments and applies correct offsets and amounts when payment is applied.
Automatically calculate and apply overdue charges. Compute overdue charges as a percentage or as a minimum charge amount.
Specify which individuals and roles can view and modify customer account information and balances.
WYS Enterprise Solutions provides a complete audit trail of all transactions. Transaction records cannot be deleted or cancelled. Errors are corrected through reversing entries that are likewise documented.
The system tracks the ID of the user who entered the transaction and the user who modified the record. Notes and supporting electronic documents are attached directly to transactions in the accounts receivable solution.
Automatically enforce credit limits at order entry and at invoicing. Customer configuration options can block invoice processing or issue a warning,
create dunning messages for past-due accounts, and temporarily increase credit limits.
Industries
Wholesale Distribution
Retail
Manufacturing
Food & Beverage Distribution
