Accounts receivable, customer’s unpaid invoices, are a short term asset on the balance sheet of every company. This is why it is crucial for company’s accounting team to ensure that customer payments are delivered on time .That whole process of identifying overdue accounts can be so difficult. If you have a lot of customers buying on credit and they buy from you throughout the month, each with different terms, keeping track can be extraordinarily difficult. Payments mostly are done by customers within specified time, but unfortunately, some do not, which results in an increasing accounts receivable balance and potential cash flow management problems. So our key is to develop an effective means of knowing when accounts come due and being able to keep track of who pays their bill and who doesn’t.
New Stuff: – Price Override Report
To achieve this requirement in Sage 300 ERP, we have built a component that sends the automated emails of AR Overdue of customers report as an attachment to the accounting team or to the concerned person of the organization. Essentially the component is developed with a vision to send automated email notification to the accounting team, so that they can keep track of the AR Overdue of the customers on daily basis .This utility will save the process of checking the AR Overdue manually and will also get the reminder in the form of Email notification which will help in avoiding the overdue payments getting skipped. These emails are sent in scheduled times and the emailing utility (component) is added as a scheduler that will directly send emails the AR Overdue reports.
Email Id’s to which the email notification should be sent can be configured in the Common Services Optional field screen as shown in below screenshot.
Below is the mail format which will be send to Email Id’s configured in the above optional field screen. Mail format can be customized according the user’s requirement.
Hence, with the help of our AR Overdue alert component, accounting team would be able to keep a track of the customer payments and manage the dues accordingly.
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