ITACNet Account Receivable/Account Payable tracks the clients and the suppliers for a foundation and its financial transactions through integration with the Product and Sales System and the General Ledger and the user is capable of tracking all financial and administrative information linked to the customers and suppliers. You will find the general characteristics of the Accounts Receivable/Accounts Payable below:

  • Create customers and suppliers cards that include all the financial and administrative information necessary to follow the client through the system.
  • The capability of classification of customers or suppliers within groups according to the nature of work of the client and another group by the nature of the product depending on the policy pursued by the company.
  • Monitor the debtor and creditor limit for the customer.
  • Determine the ceilings of the future sales for the customer.
  • Identify reception ways for each client (cash, check), specifying special conditions for acceptance of the checks reception which can be applied to the system in terms of due period and the amount of the check and other determinants.
  • Define the opening balances for customers and the type of balance currency.
  • Registration and maintenance of billing information resulting from purchase sales, containing basic information for the bills such as the invoice date and the date of payment and discount.
  • The possibility of total payment for the invoices or part of it resulting from the sale or purchase through the flexible constants the user defines and identifies according the working procedures appropriate to it.
  • Follow-up the account of the client / supplier of domestic and foreign currency.
  • The possibility of an immediate query about the balance of client / supplier and his last financial transaction.
  • Issuing notices for the creditor/debtor through the system to the customers.