E1: 03B: Overview and Setup of Accounts Receivable (P0000, P0011, P0002, P0004A, P0012) [Video]
(Doc ID 1476249.1)
Last updated on MARCH 12, 2021
JD Edwards EnterpriseOne Accounts Receivable - Version XE and later Information in this document applies to any platform.
Accounts Receivable Overview
An accounts receivable department plays an important role in managing the cash flow of a business:
Processing Invoices - The accounts receivable department is responsible for processing invoices for goods and services sold to customers. Often these invoices are generated from other departments such as Sales.
Processing PaymentsReceived - The accounts receivable department primarily ensures that payments received from customers - which are commonly known as receipts - are applied to invoices, and that cash is registered into the system as soon as possible. Several factors need to be considered in these goals, for example the due date of the invoices and whether a discount can be applied.
Statistical Reporting - The accounts receivable department might want to track payment information about their customers to generate statistical information about payment habits. By compiling this information, businesses can be in a position to provide more proactive customer support and more effectively manage cash flow.
The JD Edwards EnterpriseOne Accounts Receivable system from Oracle helps you manage the cash flow with the flexibility that you need for effective cash management. It provides real-time information so that you can make immediate decisions about extending credit, forwarding to collections, and applying cash.
With the JD Edwards EnterpriseOne Accounts Receivable system, you can streamline the day-to-day functions of the entire accounts receivable department. You can simplify and accelerate the process of applying receipts and you will have up-to-date information that improves communication between the billing and the credit and collections departments.
This document is intended for EnterpriseOne users who are setting up the Accounts Receivable module for use within their organization.
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