3.4.3 Account Receivables

This topic provides systematic instructions about the Account Receivables data segment in Evaluation Enrichment stage.

The Account Receivables data segment appears in case Account Receivable is selected as the Collateral Type in Quick Initiation screen.

Figure 3-15 Enrichment - Account Receivables

Description of "Figure 3-15 Enrichment - Account Receivables"

1. Click the add icon.
   The Configure - Account Receivables screen is displayed.

   Figure 3-16 Configure - Account Receivables

   
   

   
   Description of "Figure 3-16 Configure - Account Receivables"

   
   
2. Provide all the details about the Account Receivables in the Configure - Account Receivables screen.
   For more information on fields, refer to the field description table below.

   Figure 3-17 Account Receivable Summary

   
   

   
   Description of "Figure 3-17 Account Receivable Summary"

   
   

   Table 3-12 Account Receivable Summary - Field Description

   Field	Description
   Currency	Select the Currency in account receivable is calculated.
   Average Customer Relationship Duration	Specify the average duration of relationship between the customer and their client.
   Average Invoices Per Month	Specify the average invoice value (per month) of the products or services offered by your customer.
   Average Monthly Sales	Specify the customer's Average Monthly Sales value.
   Average No Days to Collect	Specify the average number of days to collect the payment from customer's client.
   Terms of Payment	Specify the account receivable payment term.
   Write Off Percentage	Specify the account receivable Write off Percentage.
   Total AR Outstanding	The system calculates and displays the total account receivable outstanding based on the invoice details added in the Invoice Details section.
   Current Lien Against Account Receivable	The system calculates and displays the Current Lien Against Account Receivable based on the lien details added in the Lien Details window.
   Total Amount in Child Currency	The total account receivable amount is converted to child collateral currency and displayed in this field.
   Amount in Collateral Currency	The total account receivable amount (account receivable from all the clients of your customer) is displayed in this field.

   Figure 3-18 Invoice Summary

   
   

   
   Description of "Figure 3-18 Invoice Summary"

   
   

   Table 3-13 Invoice Summary - Field Description

   Field	Description
   0 to 30 Days	Displays the account receivable overdue for the past 0 to 30 Days.
   31 to 60 Days	Displays the account receivable overdue for the past 31 to 60 Days.
   61 to 90 Days	Displays account receivable overdue for the past 61 to 90 Days.
   Greater than 90 Days	Account receivable overdue for the past 90 days is displayed.
   Average Invoice Value	The system calculates and displays the Average Invoice Value with the invoice details added in Invoice Details window.
   Largest Invoice Value	Displays the Largest Invoice Value among the added invoice value.
   Number of Customers	Displays the Number of Customers based on the number of invoice records added.
   Number of Invoices	Dispalys the Number of Invoices added.
   Smallest Invoice Value	Displays theSmallest Invoice Value among the added invoice value.

   Upon clicking + Add icon under Invoice Details section in the Configure - Account Receivables screen, the Invoice Details window is displayed as shown below.

   Figure 3-19 Invoice Details

   
   

   
   Description of "Figure 3-19 Invoice Details"

   
   

   Table 3-14 Invoice Details - Field Description

   Field	Description
   Customer Number	Specify the Customer Number for adding invoice details for account receivable.
   Invoice Number	Specify the account receivable Invoice Number.
   Currency	Specify the account receivable invoice Currency.
   Amount	Specify the account receivable invoice Amount.
   Invoice Date	Specify the account receivable Invoice Date.
   Due Date	Specify the Account Receivable Due Date.
   Days Past Due	The system displays the number of days the payment is missed after the due date.
   Amount Received	Specify the account receivable Amount Received already.
   Date Received	Specify the date on which the account receivable amount is received.
   Outstanding Amount	Outstanding Amount is calculated by subtracting the received amount from the account receivable invoice amount.
   Converted Linked Amount	If the line amount is different from the collateral amount, amount linked to the line is converted to collateral currency and displayed.

   Upon clicking + Add icon under Lien Details section in the Invoice Details window, the Lien Details window is displayed as shown below.

   Figure 3-20 Lien Details

   
   

   
   Description of "Figure 3-20 Lien Details"

   
   

   Table 3-15 Lien Details - Field Description

   Field	Description
   Lien Reference Number	Specify the Lien Reference Number.
   Lien Entity Name	Specify the Lien Entity Name.
   Lien Start Date	Specify the Lien Start Date.
   Lien End Date	Specify the Lien End Date.
   Lien %	Specify the Lien %.
   Pledge Amount	Specify the account receivable amount pledged by your customer.
   Settled Amount	Specify the account receivable amount settled by your customer.
   Outstanding Amount	Specify the outstanding pledged amount.
   Converted Linked Amount	If the line amount is different from the collateral amount, amount linked to the line is converted to collateral currency and displayed.
   Remarks	Capture Remarks for the lien.

   Note:

   This topic contains Account Receivables related fields. For more information, refer Vehicle topic in the Enrichment section.