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Important points to remember in the installation of the Accounts Receivable (AR) module:

 

1.Before installing the module, verify that your hardware and software resources meet the minimum system requirements.

2.Activate the module.

3.Be sure to install the license file.

4.Set up the live company.

5.Set up the group and user access rights.

6.Set up the fiscal period table.

 

 

AR Module as an Integrated Module

 

If the General Ledger (GL) module is installed and activated in the system, it must be the first module you set up in AccountMate Enterprise.  The system does not allow you to set up the AR module until after you have completed the following steps:

 

1.Set up the GL module parameters within which you can utilize the GL module using the GL Module Setup function.

 

2.Create your company's Chart of Accounts and set up all the GL account IDs that will be used in the Accounts Receivable module.

 

3.Assign specific GL account IDs that will become the default accounts used in various AR related transactions using the GL Account Selection function. GL account IDs for the following accounts must be set up:

 

•Accounts Receivable

•Inventory (Stock)

•Inventory (Non-Stock)

•Customer Deposits

•Open Credit Refunds

•Sales Taxes Payable

•Invoice Adjustments

•Freight Revenue

•Interest Income

•Unreal. Exch. Gain/Loss, if the multi-currency feature is activated

•Cost Variances

•Inventory Adjustments

•Payment Term Discounts

•Payment Adjustments

•Bad Debt Expense

 

After performing the steps above, you can proceed to set up the AR module. Once you have activated the Accounts Receivable (AR) module, it is automatically integrated with the GL module.  Integrated modules can transfer or post GL account transactions in GL to any period of the future, current, and prior fiscal year, except for restricted posting periods as defined in the General Ledger module.

 

If you activated the Inventory Control module, you can do the following:

 

•Use different Units-of-Measurements in your AR transactions

•Post AR transactions and receipts into different warehouses

•Transact using serialized items, lot-controlled items, or items that use item specifications.

 

If you activated the Pricing Control (PC) module, you can set up list price for standard items with different units of measurement and currency combination, special prices, customer contract price, minimum prices as well as multi-level price per item by currency, price type, customer price group, unit-of-measurement, and by quantity combination.

 

If you activated the Inventory Specification (SP) module, you can set up specifications for an inventory item which can be very useful when creating customer invoices.

 

 

 

See Also

General Guidelines in AR Module Implementation

Set Up AR Module Parameters

 

 

 

 

 

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