Accounts Receivable

Module

Manage your Receivables

Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by cu.

The amount of accounts receivable is increased on the debit side and decreased on the credit side. When cash payment is received from the debtor, cash is increased and the accounts receivable is decreased. When recording the transaction, cash is debited, and accounts receivable are credited. Customers for purchases made on credit.

Account Receivable is an account created by a company to record the journal entry of credit sales of goods and services, for which the amount has not yet been received by the company. The journal entry is passed by making a debit entry in Account Receivable and corresponding credit entry in Sales Account.

On a trial balance, accounts receivable is a debit until the customer pays. Once the customer has paid, you’ll credit accounts receivable and debit your cash account, since the money is now in your bank and no longer owed to you. The ending balance of accounts receivable on your trial balance is usually a debit

Key Features of Accounts Receivable Module

1.Some Key Features of Accounts Receivable Module

2.Monitor Customer wise Receivable with drill down detail of pending bills and detail of items.

3.Bill to Bill Receipt posting, auto adjustment of bill or receive against specific bill

4.Payment adjustment against opening balance or debit note

5.Summary of all customer receivable

6.Receivable aging

7.Receivable schedule

8.Customer Receipts summary and details