Other than inventory, no asset is typically larger than a distributor’s accounts receivable. FACTS offers a
complete set of tools that enable distributors to better manage all their receivables by providing extensive
reports and inquiries that are both convenient to access and easy to use.
FACTS makes receipt of cash quick and easy by
providing time-saving tools:
- Quickly apply checks using the Auto-Apply
function
- Easily find a customer number by entering the
invoice number from the remittance advice of
a check
- Mark unapplied amounts of received cash as
“on-account” for later application
- Apply miscellaneous cash straight to a
General Ledger account
- Use Automatic Credit Application to apply a
customer’s credits to outstanding invoices
- The Returned Check function records bounced
checks in the system so the customer’s account
is accurately reflected
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