Automates the entire Accounts Receivable & Collections Process.

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Key features of Accounts Receivable Software

CUSTOMER STATEMENTS

Accounts receivable automation software will permit you to automate the way toward entering the client statements. This is advantageous at the hour of answering to your inward administration and to the clients .

LEDGER OF ACCOUNTS RECEIVABLES

A significant element of accounts receivables software is that it ought to have the option to refresh the rundown of your clients and their particular exceptional installments every month. Except if you monitor this announcing, you can't deal with the progression of money appropriately.

LISTING OF ACCOUNTS RECEIVABLES

Another significant component of accounts receivables software is that it ought to have the option to sort out the cycle of your records receivables the executives based on clients and date of installments due. The product ought to have the option to modify the reaches and sections according to the requirements of your business.

CENTRALIZED DATABASE

Your accounts receivables software should have the option to store all your monetary information as a concentrated data set that makes it simple for important groups to follow the data and reports at whatever point required.

Benefits of Accounts Receivable Automation Software

ENHANCED CASH POSITION FOR THE BUSINESS

At the point when your account receivable management measure is automated, you know precisely where your installments are coming from and when are they coming. At the point when this is clear.

IMPROVED BUSINESS EFFICIENCY

At the point when you comprehend your money position better, you can take better choice relating to your business. This automation not just causes you in allowing you to zero in on the center business issues rather than the ordinary everyday undertakings.

BETTER MANAGEMENT OF ACCOUNTS RECEIVABLES

Physically, it is a monotonous errand to monitor which client should pay how a lot and reminding your borrowers to make ideal installments. It encourages you in knowing ahead of time about the solicitations that should be sent to get the installments on an ideal premise.

REDUCING THE LENGTH OF THE PAYMENT CYCLE

At the point when your installment measures are robotized, you realize when to raise a receipt and remind clients to pay. This evades the postpones which may make the installments get pushed behind.

AR Software

Multiple Currencies Support

Issue invoices and collect payments in any currency. Baba accounts receivable software maintains customer balances in the foreign currency as well as the base currency. Automatic currency translation provides real-time adjustments based on the current rate, completes currency triangulation on payment, computes realized gain or loss, and computes unrealized gain or loss for open items.

Automated Tax Reporting

Automatically calculate sales and VAT taxes and prepare for tax filing reports. Customer default tax zone can be overridden during document entry. Supports multiple tax items per document line, deduction of tax amount from the price, and tax on tax calculation.

Automated Tax Reporting
Customer Balances

Customer Balances and Credit Limit Verification

Automatically enforce credit limits at order entry and at invoicing. Customer configuration options can block invoice processing or issue a warning, create dunning messages for past-due accounts, and temporarily increase credit limits.

Recurring Billing

Create contract templates to apply and manage recurring monthly fees, setup fees, renewal fees, consumption-based fees, overage charges, and minimum charge amounts. Specify start and end dates, renewal terms, a billing schedule, and line items. Contracts are linked to case management and employee time sheets for including billable hours and customer support hours in bills.

Audit Trails

Baba Software provides a complete audit trail of all transactions. Transaction records cannot be deleted or cancelled. Errors are corrected through reversing entries that are likewise documented. The system tracks the ID of the user who entered the transaction and the user who modified the record. Notes and supporting electronic documents are attached directly to transactions in the accounts receivable solution.

Multiple AR Accounts in GL

Map groups of customers to different AR accounts in the GL. Override default AR account during document entry. Baba Software accounts receivable software tracks account assignments and applies correct offsets and amounts when payment is applied.