Accounts Receivable
Accounts Receivables are individuals or organizations whom owe you money for goods or services provided.
Usually when you provide and individual or organization with an account you give them a time period before payment is due. You may offer them a 30 Day or 60 Day Account which gives them the use of your goods or services with the expectation that they pay you once the period of time has elapsed.
Accounts Receivables are not something that a lot of mum and dad businesses are going to be involved in. However depending on your business and depending on which industry you are in this could be an important part of doing business.
Because of this EasyAs have developed what we believe is the most simplistic approach to maintaining an accounts receivable.
EasyAs and Accounts Receivables
We have put together a simple method of recording and keeping track of money that clients owe you on account.
To keep it simple we have created a simple structure of adding amounts on account and adding amounts your receive from the client. The system takes care of the rest and always reports and tracks the total amount outstanding on account.
Aged Reporting
EasyAs have also included a way for you to generate and Aged Report to enable you to see at a glance if any customers are overdue with amounts, which enables you to manage your cash flow more effectively
As part of the Aged Reporting you can also obtain an individual aged report on a client account which lists the items placed on account and the date of purchase and how each item effects the aged report.
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