Accounts Receivable Management in Accounting Database
Complete guide to Accounts Receivable management in the AF Code accounting database for businesses in Afghanistan. From invoice issuance and payment recording to allocation and aging reports.
What are Accounts Receivable?
Accounts Receivable is one of the most important parts of any company's accounting database.
Accounts Receivable (AR) refers to the amounts customers owe to the company. In the AF Code accounting database, this module covers a complete receivables management cycle, not just a simple list of invoices.
In the AF Code accounting software, the AR module includes:
- Customer information management
- Creating, editing, issuing, and voiding sales invoices
- Recording and managing customer payments
- Allocating and unallocating payments to invoices
- Credit Note management
- Aging report generation
Aging Report in AF Code
The Aging report helps financial managers accurately monitor receivables status.
The aging report is one of the most important outputs of the accounting database for cash flow management. In AF Code accounting software:
- Only open invoices are included in calculations
- Aging is calculated from due date or invoice date
- Output is provided by customer and aging buckets
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