Accounts Receivable

Financials | Receipt Voucher | Sales Invoice

Accounts Receivable

Allows the user to create a transaction for the balance due to a firm for goods and services delivered or used but not yet paid for by customers.

Requirements before using Accounts Receivable

• The user should setup the following Maintenance Module in order to proceed on using the Accounts Receivable
  1. Customer
  2. Chart of Account
  3. Proforma

Accounts Receivable Record Status

Status	Description
UNPAID	If the Accounts Receivable has been created
POSTED	If the Accounts Receivable is Posted and ready to receive its payment
WITH PARTIAL PAYMENT	If the Accounts Receivable is Paid Partially
PAID	If the Accounts Receivable is completely Paid
CANCELLED	If the Accounts Receivable is cancelled

Accounts Receivable Record List

Adding Accounts Receivable

1. Go to Financials then click Accounts Receivable
2. Click Add Accounts Receivable
3. Fill up the necessary fields in the Header Part
4. Fill up the necessary fields in the Accounting Details then Click Save

Adding Accounts Receivable Information

Field	Description	Expected Values
1. Voucher No.	•Voucher Reference number generated upon creation	•Alphanumeric(Auto-Generated)
2.Customers	•Name of Customer	•Customer List provided in the Customer  Maintenance Module
3.Tax Identification Number(TIN)	•TIN of the Customer	•Number(Auto-Generated base from Customer's Profile)
4.Terms	•Days on completing the sale	•Number(Auto-Generated base from the Customer's Profile)
5.Address	•Address of the Customer	•Alphanumeric(Auto-Generated base from the Customer's Profile)
6.Proforma	•Financial statements is to facilitate comparisons of historic data and projections of future performance.	•Proforma list provided in the Proforma Maintenance Module
7.Transaction Date	•Date when the Payable Transaction was created	•Date
8.Due Date	•Due date of Payable Transaction	•Date
9.Invoice No	•Invoice number reference for the transaction	•Alphanumeric
10.Reference No	•Reference No for the transaction	•Number
11.Notes	•Other Remarks on the Transaction	•Alphanumeric
12.Account	•Account to be charged for credit and debit amount on the transaction	•Account list in the Chart of Accounts Maintenance Module
13.Description	•Any remarks or Notes in the Account Line of the transaction	•Alphanumeric
14.Debit	•Debit Amount for the Transaction	•Number
15.Credit	•Credit Amount for the Transaction	•Number
16.Value Added Tax(VAT)	•VAT to be applied in the amount on the accounting details in the transaction	•Tick/Untick
17.Tax	•Type of Tax to be applied when the VAT is ticked	•Tax List provided in the Tax Maintenance Module

Notes:

• Accounts Receivable Transactions are auto-generated when it is created from Billing and Delivery Receipt with Sales Invoice in it.

• Account should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Chart of Account Maintenance Module.
• Proforma should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Proforma Maintenance Module
• Customer should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Customers Maintenance Module
• Tax should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Tax Maintenance Module
  • This will be only available in the transaction when the VAT column is checked.

Editing Accounts Receivable

1. Click Financials then click Accounts Receivable
2. Select the Accounts Receivable that needs an update. Click the Drop-down Arrow then press Edit.
3. Update the necessary information then click Save.

Printing Accounts Receivable

1. Click Financials then click Accounts Receivable
2. Select the Accounts Receivable that needs to print its details. Click the Drop-down Arrow then press Print.

Posting Accounts Receivable

1. Click Financials then click Accounts Receivable
2. Select the Accounts Receivable that needs to post its details. Click the drop-down arrow then click Post

Unposting Accounts Receivable

1. Click Financials then click Accounts Receivable
2. Select a Posted Accounts Receivable that needs to post its details. Click the drop-down arrow then click Unpost

Receiving Payment in Accounts Receivable

1. Click Financials then click Accounts Receivable
2. Select the Accounts Receivable that needs to received its payment, Click the drop-down arrow then click Receive Payment
3. Under Create Receipt Voucher screen, fill up the Header details and its accounting details then click Save
4. Under Receipt Voucher, select the receipt voucher, click the drop-down arrow then click Post.

Cancelling Accounts Receivable Record

Import Purchase Order can be canceled in two ways:

• Using drop-down arrow of a record can be used in single record cancellation

• Using Cancel Button for cancelling multiple records

Importing and Exporting Accounts Receivable

1. Under Accounts Receivable Screen, Click Options
2. Under Options, the user may Export or Import Accounts Receivable
   • When Exporting the records, the user may also use the filter options such as Date Filter, Search Bar and Customer filter for precise searching and exporting of records.

• For batch creation, under Accounts Receivable menu, click options then choose Import Accounts Receivable button
  • Download the Template provided in the Step 1
  • Fill up the information needed for each column of the template
  • Upload the updated template then click Import to Proceed

Accounts Receivable Import Fields

Field	Description of Data Output	Allowed Inputs	Input Restrictions	Required (Y/N)
1. Document Set	Manual entry of Document Set of Accounts Receivable (e.g., 1, 2, 3, A, B, C)	*Alphanumeric *Underscore (_)	*Other special characters not mentioned	Y
2. Transaction Date	Manual entry of Transaction Date of Accounts Receivable	*Numeric *Dash (-), Backslash (/)	*Other special characters not mentioned	Y
3. Due Date	Manual entry of Due Date of Accounts Receivable – must be based on Customer’s payment terms	*Numeric *Dash (-), Backslash (/)	*Other special characters not mentioned	Y
4. Customer Code	Manual entry of Customer code – must be based from Customer Data maintenance	*Numeric * Customer Code based from Customer maintenance	*Any input not mentioned  in the required inputs	Y
5. Invoice No.	Manual entry of Accounts Receivable Invoice No.	*Alphanumeric *Underscore (_), Dash (-)	*Other special characters not mentioned	N
6. Reference No.	Manual entry of Accounts Receivable Reference No.	*Alphanumeric *Underscore (_), Dash (-)	*Other special characters not mentioned	N
7. Notes	Manual entry of Accounts Receivable Notes	*Alphanumeric *Underscore (_), Dash (-)	*Other special characters not mentioned	N
8. Account Code	Manual entry of Account Code – must be based from Chart of Accounts maintenance	*Numeric *Account Code based from Chart of Accounts maintenance	*Any input not mentioned  in the required inputs	Y
9. Description	Manual entry of Account Description	*Alphanumeric *Special Characters	*None	N
10. Debit	Manual entry of Debit amount	*Numeric	*Any input excepts numbers	Y
11. Credit	Manual entry of Credit amount	*Numeric	*Any input excepts numbers	Y

Accounts Receivable Record Option

Actions Available base on Accounts Receivable Record Status

Status	View	Edit	Post	Receive Payment	Cancel
UNPAID	☑	☑	☑	☑	☑
POSTED	☑			☑
WITH PARTIAL PAYMENT	☑			☑
PAID	☑
CANCELLED	☑

Notes:

• The user can only Receive Payment the Accounts Receivable if the Receivable transaction has tag reference on it.
  • Posted Receivable can also received payments but cannot be edited.