Accounts Receivable

As a controller or accountant, AR is critical for maintaining accurate financial records and managing cash flow. Efficient AR processes lead to quicker payment cycles and improved working capital.

• **Invoice Management:** You can add, edit, and delete invoices within Accounts Receivable, with key information readily visible.
• **Payment Application:** AR facilitates receiving payments from customers and applying them to outstanding invoices.
• **Terms Definition:** AR terms define the payment rules you offer customers (e.g., Net 30), influencing payment due dates and potential discounts.
• **Invoice Correction:** If an invoice is incorrect, it can be either deleted entirely or reversed, creating an audit trail of changes.