A/R

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Summit uses an open item receivables system, which means that payments, trade credits, adjustments, and other transactions apply to individual invoices rather than to a balance forward.  However, compressing the invoice detail into a single balance forward for previous months is an optional feature that you may decide to include as part of your invoice or statement format.

Overview

Data Entry

bulletEnter Payments
bulletEnter Other Transactions
bulletEnter Trade Credits
bulletEnter Adjustments

Tools

bulletApply F/C
bulletAdjust Prepayments

Reports

bulletStatements
bulletPast Due Accounts
bulletAging
bulletPayments Received
bulletPre-Payments Received
bulletTrade Credits Applied
bulletF/C Applied
bulletS/C Applied
bulletSales Taxes Applied
bulletAdjustments
bulletBalance Summary

Defaults

Procedures

 

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Copyright © 2002-2003 Summit Software Systems, Inc. All rights reserved.
Last modified: Thursday July 22, 2004.