Accounts Receivable
MYOB Advanced provides all the functionality required for effective management of receivables and automation of customer invoicing and payment collection. With multiple time-saving automation features—such as default customer information on data entry and automatic calculation of taxes, salesperson commissions, discounts, and due dates—you can streamline the entire accounts receivable process and reduce input error rates. Reports and inquiries allow you to accomplish the following:
- Monitor customer balances, credit limits, and pending documents
- Check aging buckets
- View other customer-related information
The AR functional area also provides such advanced features as support of recurring invoices, printing of customer statements and dunning letters or sending them by email, and adjustment of customer balances through write-offs.
In This Part
- Overview of Accounts Receivable Features and Processes
- Adjustment of Accounts Receivable Preferences
- Creating a Customer
- Configuring Customer Payment Methods
- Managing Parent-Child Relationships
- Creating a Non-Stock Item
- Types of AR Documents
- Rounding Document Amounts
- Approving Financial Documents
- Configuring Schedules for Recurring Documents
- Processing AR Invoices
- Correcting AR Invoices
- Paying AR Invoices
- Processing AR Documents with Retainage
- Processing Interbranch Invoices Without Balancing
- Processing Interbranch Invoices with Balancing
- Processing Refunds
- Processing Credit Card Payments
- Managing Mailings
- Managing Commissions
- Performing Period-End Procedures in AR