{"id":111,"date":"2020-10-05T11:58:19","date_gmt":"2020-10-05T18:58:19","guid":{"rendered":"http:\/\/www.omtiblog.com\/reporterbase101\/?p=111"},"modified":"2022-12-20T16:33:56","modified_gmt":"2022-12-21T00:33:56","slug":"receivables","status":"publish","type":"post","link":"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/","title":{"rendered":"Receivables"},"content":{"rendered":"<h6>Lesson #47<\/h6>\n<h5>Manage accounts receivable<\/h5>\n<p>Receivables is another large module in RB with functions for accepting and crediting payments, assessing additional charges, correct invoices, monitor accounts receivable, and perform collections. In this module, you can:<\/p>\n<ul>\n<li>Credit and track client payments. Apply a payment to multiple invoices at once. Apply retainers and payments via checks, PayPal or credit cards.<\/li>\n<li>Keep track of retainers. If a client has a retainer, it automatically appears when crediting payments from that client so you can apply it.<\/li>\n<li>Enter credits, discounts, overpayments, and other adjustments.<\/li>\n<li>Balance transactions and post payments.<\/li>\n<li>Enter non-cash transactions, such as credit and debit memos, duplicate payments, refunds, miscellaneous income, voids, and write-offs.<\/li>\n<li>Acknowledge client payments with emailed receipts.<\/li>\n<li>Provide resources with billing reports instead of invoices to see what they can expect to be paid for work they have done.<\/li>\n<li>Assess finance charges.<\/li>\n<li>Include PayPal and credit card processing fees.<\/li>\n<li>Run daily register reports.<\/li>\n<li>Print or email monthly journal reports to your accountant. Get an instant snapshot of accounts receivable for any date.<\/li>\n<li>Send clients monthly statements via email or regular mail.<\/li>\n<li>View monthly client activity reports. View all paid or voided invoices for a set time period.<\/li>\n<li>Find overdue invoices.<\/li>\n<li>Send clients detailed collection letters.<\/li>\n<li>Monitor collection efforts using reports, follow-up alerts, collections notes log, and\u00a0copies of disputed or unpaid bills you can pull up from the central repository and email to clients from within RB.<\/li>\n<\/ul>\n<h2>Receivables functions by name<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/apply-payments-to-outstanding-invoices\/\">Receive Payments<\/a><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/basic-info\/handle-non-cash-transactions\/\">Enter Other Transactions<\/a><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/send-payment-receipts\/\">Send Payment Receipts<\/a>\u00a0\u2013 <em>RB9-only function<\/em><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/provide-resources-with-billing-reports\/\">Resource Billings Report<\/a>\u00a0\u2013 <em>RB9-only function<\/em><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/run-3-daily-register-reports-at-once\/\">Daily Register<\/a><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/keep-track-of-a-r-balances\/\">Daily Balance Log<\/a>\u00a0\u2013 <em>RB9-only function<\/em><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/assess-finance-charges\/\">Finance Charges<\/a><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/prepare-monthly-journals-for-your-accountant\/\">Monthly Journals<\/a><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/find-overdue-invoices\/\">Aged A\/R<\/a><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/remind-clients-of-overdue-invoices\/\">Send Statements<\/a><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/view-monthly-client-activity-reports\/\">Client Account Activity<\/a>\u00a0\u2013 <em>RB9-only function<\/em><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/view-all-paid-invoices-for-a-set-time-period\/\">Paid Invoices<\/a>\u00a0\u2013 <em>RB9-only function<\/em><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/view-all-voided-invoices-for-a-set-time-period\/\">Voided Invoices<\/a>\u00a0\u2013 <em>RB9-only function<\/em><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/send-clients-detailed-collection-letters\/\">Collection Letters<\/a>\u00a0\u2013 <em>RB9-only function<\/em><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/monitor-collection-efforts\/\">Collection Follow-up<\/a>\u00a0\u2013 <em>RB9-only function<\/em><\/li>\n<li><a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/forecast-future-income-from-collections\/\">Collection Forecast<\/a>\u00a0\u2013 <em>RB9-only function<\/em><\/li>\n<\/ul>\n<p><strong>TL;DR:\u00a0Apply payments and perform other accounts receivable tasks, including collections.<\/strong><\/p>\n<h4>RB concepts in this lesson<\/h4>\n<p><strong>Notes Logs:<\/strong> Un-editable internal-use only notes entered either by a user or\u00a0automatically by RB appear in chronological logs in the database record where they occurred.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apply payments and perform other accounts receivable tasks <a href=\"https:\/\/www.omtiblog.com\/reporterbase101\/modules\/receivables\/\">&hellip;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[217,4,21],"tags":[184,186,190,191,189,181,180,178,182,183,187,236,3,22,177,179,245,185,188],"class_list":["post-111","post","type-post","status-publish","format-standard","hentry","category-module","category-modules","category-receivables","tag-aged-a-r","tag-client-account-activity","tag-collection-follow-up","tag-collection-forecast","tag-collection-letters","tag-daily-balance-log","tag-daily-register","tag-enter-other-transactions","tag-finance-charges","tag-monthly-journals","tag-paid-invoices","tag-rb9-lite","tag-rb9-standard","tag-receivables","tag-receive-payments","tag-resource-billings-report","tag-send-payment-receipts","tag-send-statements","tag-voided-invoices"],"_links":{"self":[{"href":"https:\/\/www.omtiblog.com\/reporterbase101\/wp-json\/wp\/v2\/posts\/111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.omtiblog.com\/reporterbase101\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.omtiblog.com\/reporterbase101\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.omtiblog.com\/reporterbase101\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.omtiblog.com\/reporterbase101\/wp-json\/wp\/v2\/comments?post=111"}],"version-history":[{"count":0,"href":"https:\/\/www.omtiblog.com\/reporterbase101\/wp-json\/wp\/v2\/posts\/111\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.omtiblog.com\/reporterbase101\/wp-json\/wp\/v2\/media?parent=111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.omtiblog.com\/reporterbase101\/wp-json\/wp\/v2\/categories?post=111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.omtiblog.com\/reporterbase101\/wp-json\/wp\/v2\/tags?post=111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}