This Help File Page was last Modified on 06/24/2020
❑This chapter will provide the next the steps required to properly start the Receivables module.
❖Before continuing, be sure the User Options for Accounts Receivable entries have been completed.
•Access the General Maintenance Menu:
a)From the Backstage Menu System Select Maintenance and Choose the General option, then select the General Maintenance option which displays the secondary Maintenance Menu, or
b)From the Quick Access Menu, Select Maintenance and Choose General Maintenance to display the secondary Maintenance Menu.
•Locate the Receivables sub-section and complete the Receivables options which are outlined below:
General Maintenance Menu - Receivables options
✓Keep in mind that other modules may also share some of the information that is entered here.
✓Applicable modules will automatically share this information, when appropriate.
•As you enter the required data listed in this Receivable Module's General Maintenance Menu, also keep in mind that some of these Data Entry Forms may/should be completed by other departments within the Company.
✓If this is the case, the information as to what module will need that data will be provided in the Help Files for that module.
✓As an example, Employee Information is used by Service Tracking, Accounts Receivable, Inventory Tracking & Job Costing and the Monitoring Module and each of those module's start-up Overview chapters will explain what information is needed to support that module.
❑What do I do Now?
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Help Files - Favorites tab
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❑How Do I Start the Receivables module? - Complete each step below in the order presented:
➢Note: You should have read the User Options for Accounts Receivable chapter and completed these Forms:
3.Tax (Sales Taxes) tab
✓Sales Teams - If using the Commissions Tracking System, create the Sales Teams that need to be tracked, then assign one to each Employee who has been identified as a Salesperson in the Security tab of the Employee Form (the field referred to as the Employee Team).
❖Then, enter the information in the Forms listed on the Maintenance > General Maintenance Menu > Receivables sub-menu, as appropriate:
✓Pay Groups - Define Pay Groups which are used to periodically index the Recurring Revenue stream for inflation, by upwardly adjusting their Recurring Revenue Service rates.
✓Attrition Codes - Define Attrition Codes to be able to identify how new Accounts are acquired and how existing Accounts are lost.
✓Bank Maintenance - Set up your Company's Bank Accounts if you have not already done so.
✓Tax Rates - Establish your State (or Province), County or City Sales Tax rules in Sales Tax Rates, as needed.
✓Pricing Mark Up Groups - If you offer Discounts, enter those Discounts as Pricing Mark Up Groups.
✓If and when your Company starts using the Inventory Tracking System, the Divisions Form also allows you to identify a default Warehouse so that any Inventory related Sales, Work Orders, Bills and/or Purchase Orders will be associated with that Warehouse..
•Read the Managing Recurring Revenues chapter
✓Then, enter the Recurring Revenue Sales Items in the Maintenance > Sale - Purchased Items Form
•These additional Forms listed on the Maintenance > General Maintenance Menu > Receivables sub-menu may also need data entered based on the operational needs of your Company:
✓Sales Teams - These are used to identify the "Sales Teams" that may exist within your Company
✓Sale Item Groups - These are used in conjunction with the Advanced Sale Item Lookup function, for locating a specific Sale-Purchase Item when creating a new Sale - or recording a Purchase - will be much easier and faster for those who have many hundreds of Sale-Purchase Items defined.
✓Payment Gateways - Identify the appropriate Log In Names, Passwords, and Special Instructions which are required to be defined for each Payment Gateway (that will be used) before accessing the E-Payments Form to charge E-Checks and Credits Cards for a selected Subscriber (also read about the Recommended InnoEPay system Payment Gateway.
▪But, most importantly, identifies the associated default Batch Number preface (see Batch Number Assignment) discussion in the Receipts chapter for more information) that should be used to construct the Batch Number assigned to a Receipt record, particularly when executing the Post Auto Draft and E-Payments processes.
▪Most (perhaps all) of the required Payment Method Types have been pre-defined.
✓Invoicing Groups - These may be used by those Companies who have a large number of Accounts (Subscribers), many of whom are Invoiced for on-going monitoring and recurring maintenance services, and often these services are provided at multiple locations for multiple, for varying sets of those recurring services. Under these circumstances, the associated Recurring Revenue Invoices can become extremely long and complicated to read (and difficult to comprehend).
✓Division Groups - These Division Group may have any number of Divisions as members within that Group. and several Accounts Receivable System Reports allow for filtering or record selection based on what Division Code is assigned to the Subscriber and/or the Division Group to which that Division Code belongs.
❑What Else should be done Next?
1.Define the non-recurring revenue Sales Categories that may be billed (Parts, Labor, Trip Charges, Services, etc.).
a.It is very important to establish a specific schedule for how and when you will do them.
b.There may be multiple ways to accomplish basically the same process (e.g., how you will manage past due Collections, when you will bill Recurring Revenues, how detailed you want the Subscriber's Invoices, etc.).
c.So experiment a little as you become more familiar with the processes.
d.Decide what method you will use based on your understanding of your Company's business requirements.
7.Familiarize yourself with the available Reports by viewing the Receivable Reports sub-menu:
a)From the Backstage Menu System, Select Reports and Choose the Receivable Reports sub-menu, or
b)From the Quick Access Menu, Select Reports and Choose the Receivable Reports sub-menu
•Once the Receivable Reports sub-menu is displayed, Select the desired Report option, as required.