Accounts Receivable and Payable
In the ERPNext Accounting Module, Accounts Receivable and Payable are the key to keeping a company’s finances in check.
- Accounts Receivable (AR): Monitors funds due to the company from customers for credit sales of products or services. Facilitates invoicing and payment monitoring and maintains positive cash flow.
- Accounts Payable (AP): Accounts for monies owed by the company to vendors or suppliers. It assists in handling purchase bills and outgoing payments and provides for timely settlement to foster good vendor relationships.
AR and AP give real-time insight into transactions, allowing for improved decision-making and overall financial tracking.
- Purchase Invoice
- Purchase Invoice for Services
- Debit Note
- Sales Invoice
- Credit Note
- Common Party Accounting
- Payment Request
- Payment Entry
- Payment Order
- Payment Ledger
- Advance Payment Entry
- Dunning
- Payment Reconciliation
- Semi-Auto Payment Reconciliation
- Payment Gateway Account
