Power Accounting Suite— Power A/R

The Cherniak Software Power A/R system includes the following features:

• Invoice Entry & Posting
• Cash Receipts Entry & Posting
• Post-dated cheque handling
• Ability to match payments and invoices manually, automatically with or without manual override, or not at all. Thus, you can run the system in either open item or balance forward mode, and in the former case, you can streamline the system to avoid tedious manual matching of payments to invoices.
• Accounts Receivable Aged Summary
• Accounts Receivable Ledgers
• Accounts Receivable Statements, either open Item or Balance Forward format
• Audit Trails
  • Sales Journal
  • Cash Receipts Journal
• Automatic Transfer to General Ledger
• Automatic Interest Application for Selected Customers
• Ability to record collection calls made, to diarize follow-up calls, and to look at the history of calls made to (or taken from) each customer.
• Revenue Analysis by G/L Cost Centre / Account
• Ability to have individual `matters' for any given customer, and thus to keep separate records for each different venture. No longer will you have to create three different `customers' with the same name and address; no longer will you send out statements in separate envelopes.
• Keeps track of each customer's expected payment time frame (in addition to time by invoice due dates) so that you can do more knowledgeable follow-up and planning and so that you can have a yardstick for measuring the effectiveness of your A/R staff. The difference between expected payment date based on track record, and due date should gradually reduce toward zero.
• Tracking of NSF cheques: reduce the likelihood of problems in future by remembering what happened in the past
• Collection / Customer Service Facility: record all calls with customers, diarize calls to be made in future, have all the information you need at your fingertips when on the phone with your customer
• Print Customer Labels or Profiles

Following up on receivables is crucial to your organization. Bringing in the payments quickly will reduce bad debts and help your position at the bank. With the Power A/R system, you will have all the information at your fingertips to achieve solid control over your receivables.