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RFS Accounts Receivable (A/R) |
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RFS Accounts Receivable (A/R) offers control throughout the customer billing and cash receipt processes. From entering invoices to entering collection comments, advanced features let you quickly monitor the terms and conditions for payment and billing information. Agings, past due reports and notification letters allow you to keep track of cash flow and improve turnover. |
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RFS A/R addresses the following business processes: |
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Invoice Entry Default information is such as payment terms, discount due dates and G/L distribution is derived automatically, so keystrokes are reduced to a minimum. Cash Application Processing RFS A/R supports numerous types of cash receipts, including adjustments, prepayments, credit cards, checks, wire transfers, and electronic fund transfers. Unapplied Cash When a payment is received but the invoice number is not apparent, the amount can be placed "on account" for the customer. This ensures that the customer is credited until the correct invoice number is determined. The payment can then be easily reversed and properly applied. |
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Credit/Collections RFS A/R improves cash flow by supplying credit warnings and allowing customers to be placed on hold when past due invoices exceed limits that you assign. You can record comments to one or every past due invoice, and define follow-up parameters. Collection letters can be generated for selected accounts. Customer Payment History You can view a customer's paid and open invoices, as well as "on account" payments through the Customer Payment History screen. Statements You can determine how often each customer will receive statements. You can also print a statement at any time for specific customers. |
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Additional RFS A/R features include: |
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