AR-BI 3: Accounts Receivable Advanced

1. AR-BI 3: Accounts Receivable Advanced

2. Objectives – Accounts Receivable Advanced Define terms Explain the relationship between AR and Billing Introduce the processes and features of Accounts Receivable Advanced

3. Lesson 2: Creating Deposits Step 1: Create deposits Step 2:Apply payments Step 3: Review deposits Step 4: Correct errors * for misc. cash (direct journal deposit) Regular Deposit Create deposit journal entries Run Queries Correct errors Run Payment Predictor Run AR Update Payment Worksheet Express Deposit Legend You do this SWIFT process

4. Lesson 3: Applying Payments Payment Predictor Runs Run Queries/ Reports* Manually apply exceptions * To see results/exceptions Legend You do this SWIFT process

5. Lesson 3: Applying Payments - Term Payment Worksheet: a payment processing tool that allows you to match items to payments

6. Lesson 3: Applying Payments –Payment Worksheet Payment Worksheet Step 1: Create Payment Worksheet* Step 2: Payment Worksheet Application* Step 3: Post the item(s) *Pick payments to work with * Pick items to apply payment(s) to Legend You do this SWIFT process

7. Lesson 4: Processing Refunds Customer & Vendor must be linked together for this process to work Create Refund on Maintenance Worksheet Run Receivables Update Run Receivable Refund AP pays refund Legend You do this AR Lifecycle

8. Lesson 5: Perform AR Maintenance Use these options on an as-needed basis Maintenance Worksheet for Refunds, write-offs and offsets Transfer Worksheet Update Item Details Place Item in Dispute Legend You do this * Using the Item Details page AR Lifecycle

9. Lesson 5: Perform AR Account Maintenance - Maintenance Worksheet Maintenance Worksheet Create Maintenance Worksheet* Maintenance Worksheet Application* Post The item(s) * Pick items to work with * Pick items to apply payment(s) to Legend You do this SWIFT process

10. Lesson 5: Perform AR Account Maintenance - Transfer Worksheet Transfer Worksheet Create Transfer Worksheet* Transfer Worksheet Application* Post the Item(s) *Select bill to transfer • * Tell SWIFT where to transfer the bill Legend You do this SWIFT process

11. Lesson 6: AR Integration Run Receivables Update: Posts payment to customer account Updates customer balances View Posting Status Run Query for Error Check Correct Errors Runs budget check Creates journal entries Legend You do this SWIFT process

12. Lesson 7: Managing Customer Collections Step 1: Create and send statements Send Statements Review Statements Run the Aging Process Create Customer Statements Step 2: If no or incomplete customer action, create and send dunning letters Send Letters View Dunning Status & History Run Aging, Overdue Charging, AR Update Create Dunning Letters Step 3: If still no or incomplete customer action, refer customer to Collections Send to Collections Run the Collections Query