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Money which is owed to your company by your customers for product sold and services rendered to them on credit is Accounts Receivables. The money which is due from different customers is saved in the Receivables.

On the Receivables home page we can either Edit or Delete the saved transactions by clicking the corresponding button in the Action Column. Also you can view the three major products sold under the Key Metrics along with other information like Total Sales, Opening Balance and Average Paying Period.

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To record a Receivable press on New Receivables Generally Receivable object is used to  bill customers who purchase goods or services from you on credit.

To record a new Receivable Click on New Receivables button to open a new page

To record the invoice you need to select Invoice from the dropdown menu and press Click on Continue . Receivables object is used to bill customers who purchase goods or services from you on credit.button.

A new Receivable opportunity is ready to enter related data through various sections. Let us discuss all one by one.

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Select transaction date

A. The Account, where you need to select the Account from the lookup field if you have already created an account or you need to create one before proceeding with the receivables

B. The contact detail which you need to add or you need to create if you have not created and select it from the lookup list

C. The Status field you need to select the Scheduled if you are the maker of the invoice or should select  Select a customer Account

B. Select the customer representative / contact

C. The Admin has the right to select Post from the dropdown menu if you have the checker's privilegeand the rest can select Scheduled

The next second related list is the Billing / Shipping Information

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The third one is the Other Information related list

A. Contract number is auto populated if you have selected the accounts from the information related list select the customer representative / contact

B. Purchase Order or (PO in short ) is also auto populated field

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E. The customer would have requested some special services during the invoice and it is recorded here in the Customer Message

F. Terms define the agreement about the amount and the timings to repay the amount within the specific date, if not the purchaser will charge certain percentage of interest and that is defined in the Terms. In short the agreement between two or more parties concerning the amount and timing of payment for goods or servicesSelect the terms of Sale from the dropdown menu

G. By default the shipping date is the date of invoice, you can change the Shipping Date as per customer request or by your convenience

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Credit Card Information related list

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this is called as the credit card information listed under the Payment Type; in the dropdown list you can see Credit Card, Cash and Check. Pick-up one of those to continue and select the card type if the customer is paying from credit card. Enter the Card number in the space provided for and enter the Expiry month and year in the spaces provided. As the data what you are about enter is very sensitive be cautious while enquiring about the Card Code to the customer and enter the secret password code in the box provided. Select the Payment Type, Card type and other related information and proceed 

Chose the appropriate one from the Payment Type.

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The Error box shows you the errors occurred during the synchronization process.

You can enter Enter the products sold to the customers in the Transaction Line Item. In the Product lookup box select the item you need to sell. The Sales Price of the product is auto populated. Once you enter the Quantity the Total Sales Price is generated and shown. The dropdown button on the tax helps you to select the appropriate tax slab for the transactions.

You have an option of adding can add rows for billing multiple products to the customers. Select Taxable from the Tax column if the product is taxable

Balance and Payment line item

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Once everything is done Save the transaction.

On the Receivables home page we can either Edit or Delete the saved transactions by clicking the corresponding button in the Action Column. Also you can view the three major products sold under the Key Metrics along with other information like Total Sales, Opening Balance and Average Paying Period.

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