Because not all nonprofits require billing capability, Sage offers Sage MIP Fund Accounting's Accounts Receivable (AR) as two separate modules: AR Reporting and AR Billing.
Accounts Receivable Reporting
AR Reporting provides all of the functionality needed for tracking accounts receivable, without the added cost of billing functions. AR Reporting allows you to enter amounts due or credit memos for individual AR accounts. Use Advantage NonProfit Series’ on-screen look-up function to quickly display individual account information. You can print detailed or summary AR ledgers by date, customer or other user-defined classification. AR Reporting also generates an AR aging report for monitoring outstanding balances and forecasting more accurate cashflow management.
Accounts Receivable Billing
AR Billing automates the billing function with recurring transactions for small or large groups of customers. User-defined Billing Groups allow multiple billing cycles or customers with similar transaction types to be processed simultaneously, increasing speed and efficiency. The system’s Charge Codes represent items or services sold or provided, as well as service charges, sales tax, finance charges or other billable fees.
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