The Accounts Receivable & Payable Management module in FTS Accounting is designed to help businesses tightly control receivables and payables, manage payment terms by contract, order, or invoice, and provide automatic alerts when due dates are approaching or limits are exceeded. This module is an essential tool to enhance financial efficiency, minimize bad debt risk, and optimize cash flow.
1. Detailed tracking of receivables and payables by entity and contract
- Manage receivables and payables for each customer, supplier, and internal employee.
- Link each receivable/payable to contracts, orders, invoices, or jobs, ensuring clear traceability.
- Quickly check payment status, outstanding balances, and related transaction history.
2. Set credit limits and automatic alerts
- Configure maximum credit limits for each customer or supplier.
- System alerts when transactions exceed the limit, preventing credit risks.
- Support approval workflows for over-limit transactions, with a detailed, transparent approval history.
3. Payment term management and overdue reminders
- Monitor payment deadlines for each contract or invoice.
- Proactively reduce bad debt and improve collection rates.
- Automatic alerts for overdue or upcoming payments.
4. Aging analysis and risk assessment
The FTS Accounting Accounts Management module connects with Purchasing, Sales, Cash/Bank, and other modules, reducing manual work and increasing accuracy. Businesses gain full visibility into cash flow and payment status, actively control credit risk, enhance financial efficiency, and strengthen overall management capability. This module is an essential tool for modernizing accounting and achieving professional, transparent financial management.