The FundWare Accounts Receivable and Cash Receipts modules deliver a total solution for managing your revenue flow and customer detail. Together, they provide the unique functionality that nonprofit and government organizations need to process invoices, record cash receipts, and issue customer refunds. Develop revenue codes for various revenue types that allow distribution of the amount to multiple account numbers in FundWare General Ledger based upon percentages or fixed amounts.

You can:

• Choose to set the access property on revenue codes to lock to prevent the default settings from being changed during data entry.
• Create memo invoices (ideal for preemptive billing such as voluntary membership fees) and post revenue upon receipt of funds or when appropriate to recognize the revenue.
• Retain complete customer history for historical analysis and reporting.
• Post automatically to each fund’s receivable account in FundWare General Ledger.
• Create credit memos that may be applied to the outstanding balance on customer invoices. Or, choose to remove the credit from the customer’s account by automatically creating an obligation in FundWare Accounts Payable to refund the customer from within Accounts Receivable.
• Generate recurring invoices automatically through the powerful scheduler functionality that allows the user to specify the frequency and term.
• Produce an aging report with the incredible flexibility of defining the number of aging columns to display and the increment of time between columns.
• Enjoy FundWare Cash Receipts (included with the purchase of Accounts Receivable) to simultaneously post revenue through the creation of invoices and through the posting of non-invoiced cash receipts.