||||| Financial Management
Accounts receivable tracks
all amounts owed by each customer by maintaining a sales ledger that
records all sales, credit and debit adjustments as well as receipts and
deposits collected from each customer.
Enhanced Credit Control
Credit control is achieved
by checks on available credit limit as well as invoice overdue days.
You can choose to make use of either one or even both checks
concurrently.
Flexible Payment Terms
You can set up payment
terms with or without early payment discount. Where discounts are
applicable, the program will calculate and deduct the amount accordingly
when recording cash receipts. Manual deduction can also be entered
and posted to specific account when recording receipts. In addition,
payment due date can be calculated by number of days or by month and
payable on a predefined date.
Manual or
Automatic Receipt Application
Applying receipts to
invoices can be done manually or automatically by applying receipts to
invoices top down in the order of invoice number, invoice date or due
date. Advance payment and credit notes may also be applied to
invoices.
Where foreign currencies
are involved, exchange gain/loss are calculated automatically.
Easy
Creation of Customer Records
You can create unlimited
customers in e-Solution Accounting and default tax rate, sales account,
AR control account and payment terms, etc can be set up for each
customer. Customer can be categorized for reporting purposes.
Inventory
of AR Reports
The AR module is equipped
with an inventory of reports, designed to reduce your exposure to bad
debts. Some of these reports include aging analysis, statement of
account, collection analysis, etc. They can be printed with a
variety of options to cater to your needs.
Accounts payable tracks
all amounts owing to each vendor by maintaining a purchase ledger that
records all purchases from each vendor as well as payments and advance
payments made to each vendor.
Like the accounts
receivable module, it is incorporated with salient features such as
flexible payment terms, flexible payment application as well as the
ability to handle foreign currency transactions. It is also
equipped with an inventory of AP reports that ensures timely payment of
all outstanding invoices.
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