This chapter contains these topics:
To understand how to set up the accounts receivable controls that let you process receivables information
Before you use the Accounts Receivable system, you need to define certain information that the system will use during processing. This information is used to customize the system for your business needs. For example, you might want to enter the totals for a batch of invoices first and have the system verify the totals after you enter the batch.
System setup consists of:
Setting up A/R constants
Setting up payment terms
Understanding automatic accounting instructions (AAIs)
Working with AAIs
Understanding user defined codes
Setting up user defined codes
Setting up next numbers
Setting up customer bank information
Setting up A/R draft processing
Feature | Description |
---|---|
Constants | Establish system basics, such as:
|
Payment terms | Identify the various types of payment terms for your customer's invoices, such as net due dates, net with discount, and due upon receipt |
AAIs | Define accounting information, such as offset accounts and default bank accounts |
User defined codes | Define customized codes, such as document types and payment statuses, that are appropriate for your business needs |
Next numbers | Establish an automatic numbering system for documents |
Customer bank information | Define the various types of bank account information required for lock box processing (automatic receipts) |
Additionally, you can use Enhanced Subledger Accounting in Accounts Receivable for distribution accounts and general ledger type receipts. See Work with Enhanced Subledger Accounting in the JD Edwards World General Accounting I Guide for more information.