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This powerful yet flexible module makes credit management and customer account administration easier for you and your business. You can track payments by cash, check, 5 different credit cards and miscellaneous (coupons, etc). The due and discount dates for each invoice are computed automatically and can be different for each customer. You can print the minimum payment due and custom messages on customer statements, as well as selectively print service charges, budget totals and deposits. Your receivables can be aged into 5 different user-defined brackets. This module also maintains sales tax details for use in the invoicing modules as well as salesperson commission data.
Accounts Receivable can be used stand-alone or can be integrated with Point of Sale, Billing/Order Entry, Job Cost, Time Billing, and Quick Sale. Each of these modules pull customer data as well as information about sales departments, salespersons and sales tax from Accounts Receivable, while also updating invoice transactions to receivables. In turn, Accounts Receivable can then update consolidated postings to General Ledger for the receivables side of your business.
When used in conjunction with the Inventory module, customer-specific pricing can be set up. This can be done through a customer’s pricing class that assigns discounts to groups of Inventory items or through contract pricing where each item is assigned a unique price for a given customer. The two methods are complimentary: the system will use contract pricing if it finds it or the pricing class discount if applicable.
"RTS-Advantage Accounts Receivable Module" is part of the Roundtable Software Advantage Accounting System line of products, developed by Roundtable Software.
Roundtable Software Advantage Accounting System is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.