Accounts Receivable - Checklist

Prior to configuring the AR module, the following questions should be addressed:

• Where should the system retrieve the Accounts Receivable department? This code can come from the customer or the invoice series code?

• When calculating sales tax, will tax be calculated on gross or net amounts?

• Will financial charges (e.g. interest) be used? If so, is there an available list of the required rates?

• Will invoice series codes be used? This means that invoice numbers will be automatically generated.

• Have corporate write-off rules been documented?

• Will customer statements be used? If so, what are the rules for printing these statements?

• If sales invoices are to be used, is there a list of the non-inventory items that may be used for extra charges?

• Is there a list of people or companies that are responsible for company collections?

• If currently using a type of dunning letter, is there a copy of the letters so that they can be duplicated as accurately as possible?