CoreCT Vision Accounts Receivable Module

1
Accounts Receivable Module

• Module Integration
• Module Overview
• Key Features/System Benefits
• Process Walkthrough
• On-Line Walkthrough
• Questions/Clarifications

2
Module Integration
Projects/Grants Data
Inventory Items
Load AR Pending Items
Customer Refunds
Projects
Paymt file (Inter-Unit)
Journal Generator
Grants
Note All dark blue objects are Phase 2
3
Module Overview
Define Payment Types, Banks, Bank Accounts
System Setup
Receive, Enter and Process Payments
Enter Pending Items
Customers
Maintain Receivables
End User
Reconcile Bank Account
Central Agency Process
4
Key Features

• Minimal reconciliation to the General Ledger
  required
• Organize AR Activity by Business Unit
• Deposit Entry ID configured to identify deposit
  to Agency/Location
• Enter and Maintain Customers
• Enter AR Pending Items
• Enter, Track and Apply Payments to Receivable
  Items

5
Key Features

• AR Aging, Inquiry, and Reporting Features
• Directly Journal non AR receipts
• Define Speed Types for quick entry of frequently
  used account code strings
• Returned check processing
• Ability to create, identify, and report deposits
  by receipt type

6
AR Process Flow- Direct Journal Entry
BANK REC.
ENTER A DEPOSIT
RECEIVE PAYMENTS
DIRECT JOURNAL ENTRY
REVIEW ACCOUNTING ENTRY
JOURNAL GENERATOR
Central Agency
7
Process Walkthrough
Create a Direct Journal Deposit entry to record a
vendor rebate check for computer purchase

• Create Deposit Entry
• Use the Direct Journal process to code receipts
  to their proper distribution accounts.
• Accounting Entry Review
• Journal Generator Process

8
Questions/Clarifications