|
| |
| Features |
|
| Overview |
|
Invoices produced from the Contract
Management function are posted directly into Accounts Receivable with
proper distribution to revenue and the appropriate tax accounts. There is
no need for extra batching or transfers to update your Accounts
Receivable. PSA has the ability to:
- record invoices and credit notes issued manually.
- Cancel, Write-off, or Credit an invoice.
back to top |
| Bank Deposits |
|
A bank deposit slip, accepted by most
financial institutions, is automatically generated when payments are
recorded. This encourages immediate posting of deposits received and
therefore maintains a much closer reconciliation between your books and
the bank's records. When payments are received and
entered against an outstanding invoice, the system uses the invoice number
to retrieve the Invoice and display the outstanding amount, notifying the
operator of any differences between amount owing and amount being paid.
These differences can then be applied to other outstanding invoices or
posted to other G/L accounts.
PSA easily accepts:
- partial payments of outstanding invoices,
- single payments to cover many invoices,
- payments for which no invoice has been generated.
back to top |
| Reporting |
|
- Invoice and Payment registers
- Aged Accounts Receivable: detailed or summary, plus a
'Presentation' format for including in the package to go to your bank or
stakeholders.
- Statements on all outstanding accounts (including
calculating service charges)
- Client Activity for a particular client, or for all
clients over a selected 12-month period
back to top |
|
