Acumatica Accounts Receivable

This blog is taken from the notes that our senior consultant made during his certification training for Acumatica and focuses on the Financial Management Features.

 

Throughout the training our senior consultant made comparisons to other Mid-Range ERP (MERP) Systems so that we could see where Acumatica really is a step above the rest.

 

“Acumatica has some great features and improvements over what other MERP Systems offer.”

 

Acumatica Cloud ERP – Accounts Receivable

Customer Credit Limits – Again, better than other MERPs. You have the traditional credit limit amount setting but Acumatica also has an additional level for a warning or buffer for any transaction that would take the account over this base amount. Acumatica also has a couple of ways of looking at due dates and calculating the limit on an in time balance instead. This works across modules too. Many other MERPs only look at posted AR transactions for this.

Credit Card Processing - This has the potential to be a brilliant module and looks very powerful. It's currently only linked to one provider in the US but if they expand this for other markets the service will be really useful.

Direct Write Off When Paying Customer Invoices - Similar to other MERPs but less clunky. You can just write off an amount when entering the receipt but you don't need to care which GL account it goes to. You can do write offs with that level of control too, but it's nice that for basic transactions you can set defaults and not worry about it! I’ve seen too many instances of write offs being done wrong as basic users get access to choose the GL account (eek!).

Overdue Charges - Acumatica allows you to raise new invoices with specific charges or use a percentage and a minimum charge. And you can build up multiple charges too if the bad debts persist.

Statement Cycles – This is like most other MERPs but the mail out function and general control over whether you send something out is better. Reprinting is nicely handled here as well.