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AR: Accounts Receivables Overview and Concepts

 

Invoice Status

1

Open

2

Closed

3

Void

4

Pending

Types of Receipts

1

Standard

2

Miscellaneous


Types of Receipt Sources

1

Manual

 

 

2

Automatic Receipts

 

Ways to Enter Receipts

1

Manual

2

Automatic

3

ADFDI

4

AutoLock

5

Smart Receipts

6

Integrations -
technical

Receipt Statutes

1

Check - Confirmed

2

EFT - Remitted

3

Approved

4

Cleared

5

Reversed

Receipt Application Status

1

Unidentified

2

Unapplied

3

Applied

4

On-Account

5

Prepayment


Approvals in Accounts Receivables (AR)

1

Invoice Write-off

2

Credit Memo Refund

3

Receipt Write-off

4

Credit Memo Dispute Approvals - Advanced Collections

Types of Receivables Activities (AR)

1

Rounding Adjustments

2

Bad Debts Adjustments

3

Chargeback Adjustments

4

Earned Discount

5

Unearned Discount

6

Miscelleneous Cash

7

Payment

8

Receipt Write off

9

Refund

10

Bad Debts

11

Invoice Rounding

12

Payment Nettting

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