Accounts Receivable
Accounts receivable software helps you track all the money your company is owed but has not collected yet. This includes invoices you’ve sent for products or services you’ve already delivered. Here’s how to find a solution that helps you improve your collections by automating processes, tracking receivables, and running comprehensive reports.
How Accounts Receivable can work for you
GRP Accounts Receivable helps you generate invoices, send statements, collect and apply payments, verify balances, track commissions, and deliver customer reports. This accounts receivable solution is fully integrated with all other GRP modules.
Key Benefits of Accounts Receivable for your business
Get More Options for Statements and Invoices
Improve control of the creation and delivery of customer invoices and statements. Format statements for printing, HTML, or PDF delivery. Include company information and messages on customer-facing statements, generate statements on-demand, and withhold printing of statements that contain no detail.
Take Credit Card Payments
Accept PCI-compliant credit card payment with flexibility to handle manual charges, transaction voids, and refunds. View credit card transactions and issue warnings about expiring credit cards. Connect to any bank processing center with included plug-ins, or build your own using our SDK.
Meet Your Revenue Recognition Requirements
Use deferred revenue codes for individual line items at invoicing to support your revenue recognition requirements. GRP will recognize the current part of deferred revenue and generate the appropriate transactions.
Manage Credit Control by Parent Accounts
Companies with franchises or multiple branches can configure parent-child relationships in GRP accounts receivable software between the customer accounts that represent these companies. This feature enables you to manage credit control on the parent account level. This includes credit verification rules, consolidated dunning letters, and AR reports that include consolidated data.
Additional features of Accounts Receivable
- Recurring Billing
- Multiple AR Accounts in GL
- Multiple Currencies Support
- Automated Tax Reporting
- Customer Balances and Credit Limit Verification
- Payment Reversal and Automatic Payment Application
- Overdue Charges Calculation
- Small Balances Write-off
- Customer Account Security
- Audit Trails
- Support for the Authorize.Net API
Recurring Billing
Create contract templates to apply and manage recurring monthly fees, setup fees, renewal fees, consumption-based fees, overage charges, and minimum charge amounts. Specify start and end dates, renewal terms, a billing schedule, and line items. Contracts are linked to case management and employee timesheets for including billable hours and customer support hours in bills.