Customers and Vendors are entered into the system through simple form. All contact details are recorded and are easily retrievable.
Details can be edited, deleted, or (if already used as part of a financial transaction) de-activated.
Terms and conditions applicable are entered and automatically applied to all transactions.
The last invoice and payment is displayed on screen, and the entire transaction history is available through Vendor History from where original invoices and payments can be accessed.
Create, save, cancel and post Accounts Payable Invoices for a vendor or service supplier and for Accounts Receivable Invoices for a customer.
A simple form which auto calculates unit price.
Different currencies can be applied and converted using Period or Fixed Rate settings.
A/P and A/R Invoice Selector searches for and retrieves invoices based on a variety of filter options.
An A/P Credit Note is typically used when a product is returned for a refund, when an invoice amount has been overstated, or in other circumstances where the vendor must return money to the business or the business must return money to the customer.
The RM system offsets the amount against outstanding invoices due to be paid to the vendor or by the customer.
The applicable Revenue Accounts are then credited or debited to the total amount of the Credit Note.
This tool allows the business to create and record quotations for potential customers. Quotations for vendors are made through the Purchasing module.
Customer details and quotation validity dates are recorded.
Itemise and breakdown the costs of the products and/or services
Payment methods and currency options can be selected.
Once the customer has agreed to the quotation an invoice can be automatically created from the quotation screen.