Accounts Receivable
The Accounts Receivable
module processes client invoices, payments and other transactions, and
prints aging reports, cash projections reports, cash receipts reports.
It can also print client invoices and statements that are ready for
mailing. Distinguishing features include:
- Comprehensive integration
with other modules (Job Cost, Cash Receipts, General Ledger, and Sales
Order Processing).
- A number of automatic
billing methods in which invoices are calculated automatically and printed
ready for mailing. These include invoices are generated directly from
the job cost system. For example:
- Invoices for time and materials (T&M) jobs
- Invoices for cost plus fixed fee (CPFF) jobs
- Invoices for fixed price jobs with an invoice amount calculated based
upon percentage complete
- Invoices triggered by reaching contractually specified deliverables
or milestones.
- Invoices arising from client contracts (e.g., leases) that provide
for a specific billing schedule.
- Invoices associated with shipments against sales orders.
- Automated, repetitive
invoicing capability to handle recurring invoices (e.g. maintenance
invoices billed on a monthly, quarterly or some other basis)
- Automated deferred
revenue recognition, e.g., for cases where a single invoice is issued
for services or products to be delivered over a period of several months
or a year
- Ability to separately
bill and track retainage amounts on jobs where contractually required
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