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The IBS Accounts Receivable System is a comprehensive, on-line, interactive system designed to effectively and efficiently handle standard accounts receivable functions as well as many specialized capabilities.

Functional Characteristics include:

  • Multiple company support
  • Balance forward and/or open item (selected by customer)
  • User-defined aging periods
  • Pre-posting editing and batch controls
  • Immediate aging at time of posting
  • Customer/Invoice/Transaction Inquiry (current and historical)
  • Interest processing (can be selected by customer)
  • Statement processing
  • Aged trial balance (alpha or numeric sequence, various levels of summary)
  • Efficient keying through use of coded entries and default values
  • Inquiries and lists by customer number or alphabetically
  • Processing for invoices, debit/credit memos, payments, discounts, and adjustments.

Special functions include:

  • On-line invoice entry/update with “sales journal and ”tax journal“ entries
  • On-line entry with customer alpha search and open invoice status display
  • ”Pay all“ command available on payment screen
  • Adjustment entry provides adjustment reason and General Ledger offset account entry
  • Non-Accounts Receivable miscellaneous cash entries supported
  • General Ledger interface of A/R information and miscellaneous cash
  • General ledger entries interfaced to G/L in detail or summary
  • Sales/cost of sales capture, update and reporting
  • Sales and tax reports
  • Alternate cycle statements available (weekly rather than monthly)
  • Future due date processing
  • Unearned income (customer deposit) processing
  • Dunning letter processing
  • Complete customer transaction history maintained
  • Allows controlled reuse of customer numbers for one-time customers

Extensive editing capability insures balanced activity for accounts receivable and general ledger purposes.

The system can be interfaced to an automated billing system or can be implemented as a stand-alone system. The IBS Accounts Receivable System is automatically interfaced with the IBS General Ledger System and the 2 Universal Business Solution distribution systems - the IBS Retail/Distribution Management System and the IBS Advanced Distribution Management System.

The IBS Accounts Receivable System is a comprehensive, on-line, interactive system designed to effectively and efficiently handle standard accounts receivable functions as well as many specialized capabilities.

The IBS Accounts Receivable System provides the information necessary to properly manage your receivables and therefore can help improve your overall productivity and profitability.

Other Applications

The following applications are designed to work hand-in-hand with IBS Accounts Receivable:

"IBS Accounts Receivable" is part of the Universal Business Solution line of products, developed by Innovative Business Systems.