Accounts Receivable

The TakeStock Accounts Receivable system is a core module that provides extensive maintenance, tracking and control of customer transactions. TakeStock makes Accounts Receivable a smooth and flexible accounting process, which can save distributors valuable time and effort, thereby enhancing productivity. Customer sales history, payment history, open invoices, aging, credit status and internal notes are maintained and reported, enabling management to make timely and informed decisions.

Daily employee productivity is enhanced with the automated application of cash receipts, immediate access to detailed payment information, on-line inquiry to past sales for better customer service and integration with sales orders.

Features:

• AR hold options based upon credit limit, number of days past due, number of days since last sale date, terms code override, and if override selling price in sales order exceeds an allowed percentage
• Automatically calculates due and discount dates for one or multiple payments based on day of the month, number of days, or a specific date
• Customizes handling of credit limits, with option to display a warning, place on hold, or not accept orders exceeding the customer’s credit limit
• Provides one-time set-up of customer information such as salesperson, payment terms, tax code, pricing level, credit limit, DUNS number, website and other data
• Optionally relates each customer to one or more parent customers, allowing application of one check to multiple customers' invoices
• Record promise to pay date on open invoices, follow up on failed promises to pay