2.12.16 Account Receivables

This topic provides information on account receivables.

1. On the Home screen, specify GCDCOLAR in the text box and click the icon.
2. On Account Receivables screen , click the Account Receivables tab.

   Using this screen, customer collateral of type account receivables can be maintained.

   You can capture multiple account receivables as part of same customer collateral created and arrive at the collateral value appropriately.

   The Account Receivables screen is displayed.

   Figure 2-81 Account Receivables Details

   
   

   
   Description of "Figure 2-81 Account Receivables Details"

   
   

   For more information on fields, refer to the field description table.

   Table 2-94 Account Receivable - Field Description

   Field	Description
   Entity Reference Number
   Account Receivable Currency	Click the icon and select the account receivable currency from the list. Note: Amount in collateral currency field at child record level displays value in collateral currency.
   Number of invoices	Multiple invoices can be linked to an account receivable record. This gets updated based on the number of invoices added to account receivable.
   Outstanding Amount	Outstanding amount of an account receivable record is derived from outstanding amounts of multiple invoices under the account receivable. Note: The user can enter the value directly for a DP-backed facility.
   Current Lien Amount	Current lien amount of an account receivable record is derived from outstanding amount of multiple lien noted against the invoices which are part of the account receivable. Note: The user can enter the value directly for a DP-backed facility.
   Total Amount in Child Currency
   Amount in Collateral Currency	Wherever account receivables currency is different from collateral currency, account receivables value in the collateral is converted to collateral currency as per rate configured and collateral value is updated.
   Insurance Details	Click this button to add account receivables specific insurance details. For more information on insurance details, refer unresolvable-reference.html#GUID-83C05BC0-0D1F-498E-9A52-BE959CDE5D53.

   Table 2-95 Invoice Details - Field Description

   Field	Description
   Customer Number
   Invoice Number	Specify the invoice number within an account receivable record is unique.
   Invoice Currency	Click the icon and select the currency of the invoice.
   Invoice Amount	Specify the invoice amount cannot be less than received amount.
   Invoice Date	Specify the invoice date and it cannot be future dated.
   Invoice Due Date	After the invoice due date, same is not considered as account receivable and hence excluded from collateral value receivable. If Due Date is modified to a future date post expiry of collateral, the system updates the collateral status as Extended and enables the Available flag.
   Collateral Received Date	Date on which amount received against the invoice. Collateral received date cannot be future dated and cannot be prior to invoice date. Note: Collateral Received Date can be modified, if required.
   Past Due Days	Past due days is calculated as current business date minus invoice due date.
   Invoice Outstanding Amount	Invoice outstanding amount is converted to account receivable outstanding amount in the rate specified when invoice currency is different from account receivable currency. Invoice outstanding amount is arrived as invoice amount minus received amount.

   Table 2-96 Lien Details - Field Description

   Field	Description
   Lien Reference Number	Specify the lien reference number is for the lien noted against the invoice.
   Lien Entity Name	Specify the lien entity name with which lien details are noted. One or more lien can be noted against a particular invoice.
   Lien Start Date	Specify the lien start date cannot be future dated. Lien start date cannot be prior to invoice date.
   Lien End Date	Specify the lien end date cannot be back dated or current dated. Lien end date cannot be after invoice due date.
   Lien %	Specify the total percent of multiple lien against one invoice should not exceed 100 percentage.
   Pledge Amount	Specify the pledge amount is calculated as given percentage of invoice amount.
   Outstanding Amount	Outstanding amount under lien details is calculated as pledge amount minus settled amount. Following sub-screens are not relevant to ‘Account Receivable’ type of collateral. Appropriate message is displayed when the same are invoked for entering data at the time of collateral maintenance. Insurance Valuation details

3. Click Save to save the record.