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This straightforward set of programs allows you to enter all of the information contained on customer invoices. After you have entered the invoice number, the date of the transaction, and the amount of the sale, the program allows you the option of specifying in which G/L account or accounts you want the transaction recorded. If you only have one sales account, and one freight account, etc., you do not have to enter these G/L distributions every time you enter a transaction. The A/R Control Maintenance application allows you to specify how you want the distribution done, and after that the sales processing programs handle the postings to the General Ledger accordingly.
During the entry of sales transactions,you can also enter sales rep commissions and cost of sales information. Then later on, you can produce a Commissions Due report which will show you what commissions are due to each of your salesmen, and what sales generated each commission amount.
"Accounts Receivable" is part of the Quantum Accounting line of products, developed by MCBA.
Quantum Accounting is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.