Acumatica Accounts Receivable

How Acumatica Accounts Receivable Can Work for You

With Acumatica Accounts Receivable, you can generate invoices, send statements, collect and apply payments. It also makes it easy to verify balances, track commissions, and deliver customer reports. Acumatica Accounts Receivable is accessible anywhere and anytime so it is easy to get comprehensive reporting when it is needed. Acumatica Accounts Receivable is fully integrated with other Acumatica modules so you have a comprehensive view of customers and can maintain better customer relationships.

Key Benefits of Acumatica Accounts Receivable

Get More Options for Statements and Invoices

Improve control of the creation and delivery of customer invoices and statements. Format statements for printing, HTML, or PDF delivery. Include company information and messages on customer-facing statements, generate statements on-demand, and withhold printing of statements that contain no detail.

Take Credit Card Payments

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, or build your own using our SDK.

Meet Your Revenue Recognition Requirements

Acumatica Accounts Receivable supports deferred revenue codes so you can meet your revenue recognition requirements at the line item or invoice level. Acumatica also makes it easy to recognize the current part of any deferred revenue and it generates the appropriate transactions.

Manage Credit Control by Parent Accounts

Companies with franchises or multiple branches can configure parent-child relationships in Acumatica Accounts Receivable between the customer accounts that represent these companies. This feature enables you to manage credit control on the parent account level. This includes credit verification rules, consolidated dunning letters, and AR reports that include consolidated data.

Highlighted Features: Acumatica Accounts Receivable

Recurring Billing

Create contract templates to apply and manage recurring monthly fees, setup fees, renewal fees, consumption-based fees, overage charges, and minimum charge amounts. Specify start and end dates, renewal terms, a billing schedule, and line items. Contracts are linked to case management and employee time sheets for including billable hours and customer support hours in bills.

Multiple Accounts Receivables Accounts in General Ledger

Map groups of customers to different AR accounts in the GL. Override default AR account during document entry. Acumatica accounts receivable software tracks account assignments and applies correct offsets and amounts when payment is applied.

Multiple Currencies Support

Issue invoices and collect payments in any currency. Acumatica accounts receivable software maintains customer balances in the foreign currency as well as the base currency. Automatic currency translation provides real-time adjustments based on the current rate, completes currency triangulation on payment, computes realized gain or loss, and computes unrealized gain or loss for open items.

Automated Tax Reporting

Automatically calculate sales and VAT taxes and prepare for tax filing reports. Customer default tax zone can be overridden during document entry. Supports multiple tax items per document line, deduction of tax amount from the price, and tax on tax calculation.

Customer Balances and Credit Limit Verification

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.

Payment Reversal and Automatic Payment Application

Automatically apply payments to the oldest outstanding documents. Easily void incorrect payment application – all affected balances will be automatically reversed.

Sales Commission Calculation

Automatically calculate sales commissions. Commission can be split among multiple salespeople, linked to specific line items on an invoice, and paid when the invoice is issued or when the payment is received. Acumatica Accounts Receivable can calculate commissions on a monthly, quarterly, or annual basis.

Overdue Charges Calculation

Automatically calculate and apply overdue charges. Compute overdue charges as a percentage or as a minimum charge amount.

Small Balances Write-Off

Acumatica Accounts Receivable makes it easy to write off small document balances. It also allows you to set rules so you can limit the maximum write-off amount or limit write-offs to eligible customers.

Customer Account Security

Acumatica Accounts Receivable provides you with full control over which users or user roles can access, view, and modify customer information and balances. It makes it easy to restrict access to customer information so you can keep customer details secure.

Audit Trail

Acumatica Accounts Receivable includes a complete audit trail of transactions and ensures documents cannot be deleted or cancelled. To correct errors, users must enter reversing entries so you always have a record of changes. Acumatica Accounts Receivable also captures the user ID so you always know who entered the original transaction and any modifications. Furthermore, users can enter notes and supporting electronic documents directly to the transactions to support changes.

Support for the Authorize.Net API

Acumatica Accounts Receivable supports a PCI DSS-compliant integration with Authorize.Net. Acumatica Accounts Receivable never stores sensitive credit card information in the Acumatica ERP database. Furthermore, Acumatica properly encrypts all credit card transaction data sent to the payment gateway.

Acumatica Cloud ERP Suites

Acumatica Financial Management Suite  Acumatica Distribution Management Suite Acumatica Project Accounting Suite  Acumatica Customer Management Suite

 


Financial Management Suite
A powerful set of financial applications used by almost every organization, no matter how complex or simple requirements are. Bring rigor to business processes in a user-friendly way.
Distribution Management Suite
Works together with the Financial Management Suite as a full distribution solution. Starting from the requisition process to purchasing, order management, inventory tracking, automated  inventory replenishment suggestions, and more.
Customer Management Suite
Fully integrated with the Financial Management and Distribution Management Suites, the Customer Management Suite fosters a team approach. Dashboards and reports provide real-time sales data to accurately manage forecasts, quotas, and results.
Project Accounting Suite
With the Project Accounting Suite, deliver on project objectives on time and on budget. Manage complex reporting requirements. Include projects in company-wide financial reports.