Accounts Receivable

Accounts Receivable system is a comprehensive open-item system designed to operate independently or in conjunction with the Inventory Control, General Ledger and Purchase Order Systems.

• The Accounts Receivable module can reserve inventory, allow delivery, produce purchase orders or generate statements based terms you establish. FACS5 supports everything from in-house revolving charges, lay away purchases and 30 day sales, to C.O.D, 30-60-90, one year no interest and outside financing.
• Customers may have multiple purchases with multiple terms all under the same account.
• Automatically interfaces with the Sales and General Ledger Systems.
• Immediate access to individual invoice and customer balances.
• User defined terms, including: required down payment amount, number of payments due (based on availability or delivery of inventory), when and how to generate a statement and a late charge.
• Credit approval is interfaced with sales.
• Easy access to information and a message system to assist collections.
• Supports partial billing and pro-rated deposit applications.
• Automatic credit-on-account processing.