Proper management of Accounts Receivable has a positive impact on cash flow and reduces bad debt. An accurate and up-to-date aged receivables listing can identify delinquent accounts and assist your credit department in maintaining control of those situations. Customer balances are re-aged daily and statements can be printed on demand. Finance charges can be applied to selected accounts.

Extensive inquiries provide immediate access to vital customer information, including aged A/R detail and a complete invoice and payment history. Integration with the FIRST OPTION FINANCIALS (formerly Daprex)  Internal Note System provides a powerful tool for maintaining a tickler file for credit tracking.

Management Tools:

• Open item system enables accurate receivables aging.
• Daily aging of invoices immediately identifies overdue accounts.
• Ability to set and monitor customer credit limits.
• On-demand summary and detail aging reports.
• Interactive screen inquiries provide access to detailed customer information.
• Powerful cash receipts processing.
• Finance charge billing.
• Monthly detailed Sales Journal inquiry.

Functions:

• Graphical User Interface.
• Desktop Integration.
• Six user-defined aging categories.
• Customer verification with each entry.
• Automatic due date and discount calculation.
• Flexible cash receipts processing.
• Multiple deposit accounts.
• Access by customer account#, name, invoice#, or invoice amount.
• Full, partial and on-account payments.
• Manual or automatic discount computation.
• Multiple write-offs and adjustments per invoice.
• Charge back processing.
• Selective statement cycles.
• Instantaneous retrieval of customer data via screen inquiries.
• Access by customer#, name and/or zip code.
• Aged account detail by aging category.
• Unlimited customer invoice and cash receipts history.
• Delinquent account status.
• Note tickler file entry, inquiry and reporting.
• Sales tax reporting.
• Integration with the FIRST OPTION FINANCIALS (formerly Daprex) General Ledger.

Reporting:

• Daily and monthly invoice registers.
• Daily and monthly cash receipts journals.
• Monthly cash adjustment analysis.
• Monthly Sales Journal G/L detail.
• Accounts Receivable Listing.
• Summary and detail reports available on demand.
• Aging by salesman.
• Selected customers and aging categories.
• Credit limit reporting.
• Statement processing.
• Selected aging categories.
• Weekly, monthly, and on-demand.
• Customer ledger history.
• Customer labels.