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Accounts Receivable
Missing image: ar_ribbon.png
The Accounts Receivable module is designed to handle almost any standard Accounts Receivable transaction normally found in a complete business accounting application. In the eTEK™ Accounting System, sales are recognized based on the date of the invoice. Therefore, on the basis of the invoice date, the sale amount for each invoice is posted as a credit to the specified sales account(s) and a debit is posted to the accounts receivable general ledger account for the appropriate accounting period.
When payment is made against outstanding invoices, the system makes a journal entry to debit the bank account and credit the accounts receivable general ledger account in the accounting period the deposit was made.
For a video overview of Accounts Receivable click here.
Accounts Receivable Inquiry "Ribbon"
Accounts Receivable Reports "Ribbon"
Accounts Receivable Actions "Ribbon"
Common A/R Transactions