Integrated Accounting
OMS ERP Accounts Receivable
Cash Management Made Easier
The Accounts Receivable module for the OMS ERP solutions quickly and easily accumulates
and presents the information you need for effective cash management. The straightforward
design and ease of use streamlines daily accounts receivable activities for optimum
efficiency. OMS’ flexible design and options is built to suit your requirements.
Rich Features deliver Maximum Business Value
The OMS ERP Accounts Receivable tracks, posts and report receivables and, assists
you in planning with simple, easy-to-use, yet extensive information designed to
give you vital business insights needed. The multiple features of the Accounts Receivable
module allow for use of multiple bank accounts, open item payment, grouping of payments,
audit trails, the ability to add new customers and codes “on the fly,” statement
printing, sales tax support, cash transaction inquiries. The OMS ERP Accounts Receivable
module utilizes graphical charts and, easily exports to excel.
The OMS ERP Accounts Receivable module is integrated with the OMS ERP General Ledger,
Sales Order Processing, Inventory Management, Bank Reconciliation and more.
Commission Calculations, Commission Statements, Payment Methods
Sales commission calculations and processing are built-in to the OMS ERP Accounts
Receivable module. Simply define your sales representatives profile and the OMS
ERP Accounts Receivable module lets you choose from a variety of ways to “pay your
sales reps commissions.” The OMS ERP Accounts Receivable commission process includes
commission statements, easy maintenance on commission line item percentages and
more. The OMS ERP Accounts Receivable module offers multiple ways of paying commissions.
Regardless of your company’s policy the OMS ERP Accounts Receivable module can be
‘customized’ to meet your needs.
The OMS ERP Accounts Receivable Module Delivers
Cash Expectation – Forecast future cash receipts, Average
days to Pay, Days Sales Outstanding. A/R Turnover rates by customer, and Company.
Multiple Credit Cards – Store and keep multiple credit
card information including card holder name, address. Storing this information for
each credit card allows you take advantage of credit card authorization, potentially
reduce credit card processing costs.
Balance Forward and Open item Processing - Process all
accounts receivable on a balance-forward or open-item basis, and assign the open-item
or balance-forward method to individual customers.
Credit Card Processing for Cash Receipts - Automatically
calculate due dates, discount due dates, discount amounts, and commission amounts
for invoice entries. Use sales codes to obtain price and cost-of-goods-sold information.
Enter unlimited sales codes, miscellaneous charges, and comment lines for each invoice
in an easy-to-use entry window.
Invoice Entry - Customer master files include the ability
to handle international numbers: country code, international postal codes, and an
expanded telephone number field.
Invoice History - Prints history invoices for customer
numbers, invoice numbers and invoice dates. Reprint Accounts Receivable, Sales Order
invoices separately or, all at once or, print only unpaid invoices for open-item
customers. Reprint individual invoices from the drill-down screen in invoice history.
Cash Receipts Processing - Automatically apply cash receipts
against the oldest invoices or against specific invoices. Post miscellaneous cash
receipts directly against general ledger accounts and process any prepayments against
invoices.
Statements and Billing – Print statements for a billing
cycle, for example; monthly or quarterly, on for all customers or for a specific
group of customers. You can also print statements based upon a minimum balance,
days sales outstanding, more...
Commissions and Commission Statements - Calculate, generate
and pay commissions based on sales, sales and profit, profit, or payment. Publish
commission statements and create payment transactions. Commissions are calculated
on product only and commissions are calculated on the net dollar amounts for each
accounting period.
Advance Sales Tax Calculations - Canadian GST, PST and
tax-on-tax, International currency formats.
International Addresses - Customer master files include
the ability to handle international numbers: country code, international postal
codes, and an expanded telephone number field.