AR Receipt Wizard | More4apps

AR Receipt Wizard

When payments are received by customers, an AR Receipt is entered for the customer account. AR Receipt Wizard can be used to enter these in bulk as it automates the process of creating and allocating receipts – perfect for electronic remittance and for bulk cash reciepts such as those received via Debt Collectors.  Users can download available transactions for allocation, then automatically create and allocate the receipt. This reduces the time spent validating and correcting errors.

The wizard also enables applying these receipts to open transactions/ invoices. Outstanding balance is also shown for the open invoice via the Wizard.

With everything in Excel, creating check totals and reporting becomes easy.

The AR Receipt Wizard has the following features:

  • Apply invoices to existing receipts
  • Comprehensive download can extract invoice, receipt and allocation information
  • Perform adjustments and un-apply receipts
  • Calculates discounts based on discount rules
  • Find customer and site information from the Transaction number
  • Multiple GL distributions for Miscellaneous receipts

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