Adagio Receivables

Provides proper management of your daily Accounts Receivables.

Adagio Receivables performs complete receivables control for your business—whether you bill time or sell products.

Adagio Receivables’ setup and maintenance provides numerous functions: record your client addresses and contact information, including user-customizable optional fields; group your customers by billing cycle and control accounts or any group you desire; manage early payment discounts automatically; multiple control accounts allow easy management of several "classes" of customers; and locate client information quickly using Adagio Receivables' customizable grid, or enter their 6 character alphanumeric client code directly.

Receivables’ transaction entry posting will accurately allocate invoice revenue to multiple G/L accounts. It’s transaction batch management ensures accurate data entry and accounting controls. Allows you to match payments to invoices for open item customers or simplify cash application with balance forward customers. Also, record invoices, cash receipts and adjustments against client accounts.

Reports and inquiries using Receivables provides full functionality with ease and precision. For example, manage your customer / client accounts with complete aging and analysis reports; simple point-and-click inquiries with drill-down to matching transaction detail speed response to your clients' questions regarding their account status or that of specific invoices; customer statistics allow you to identify your best clients; and statements and automatic interest processing encourage prompt payment.

Features

  • Client inquiries on a single screen for contact, statistics, and outstanding transactions.
  • Fully customizable statements using drag-and-drop designer technology.
  • Integrated fax and e-mail management for statement faxing or e-mailing from the desktop.
  • Customizable grids speed account lookup and data entry.
  • "Keyboard-centric" design for high-speed data entry.
 
  • AR-Statement
  • AR-Edit Customer

Current Release

Version: 9.3B (2023.12.18)
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New Features

• In Invoice or Adjustment Batch Entry, when the Job number is selected from the Finder or Smartfinder, the Job Related Detail Distribution was not automatically added.

• In Edit Customer, if a statement was printed and transactions were cleared, it caused Data Integrity errors, in some cases.  The Confirmation, ‘Clear all paid transactions in the range specified?’, no longer appears.

• Multiple email addresses separated by semi-colons could not be imported for Customers or Ship to Addresses.

• In Import Invoices, if a Distribution Code was defaulted in the Import Template, it would override the imported G/L Account and Department.

• For Adjustments, the Entry Header Description was not printed on the Posting Journal.

• Receivables has been updated to send additional information to JobCost 9.3A including Doc Link, Accounting Date and Entry Description Line 2.

• For JobCost 93A: Customer Name has been added to the list of fields available to display in the finders/smartfinders for Job, Phase and Category.

• For JobCost, if the Revenue Tracking Level is Phase or Category, the Retainage Due Date will default from the Due Date of the Phase instead of the Due Date of the Job.

• If the Company Profile is set to use “North American Address?, Import Customers and Contacts/ShipTo will validate State/Province. If Country is imported, it will also be validated.

• If 'North American Address?' is selected, the states for Mexico will be normalized to the 2 character state.

• For JobCost, there is a new option in Create Write Off Batch, ‘Exclude JC update?’.  It is remembered by user. If selected, the Job number fields in the Adjustment Batch will be left blank.

• Create Write off batch has been updated for JobCost. When Job Related Credit Transactions are written off and transferred to Payables, the JobCost Billings account is credited instead of the Write off account.  When the Adjustment batch is posted, the Manual Check batch created in Payables will have a “JobCost” detail type instead of “Purchase” if Payables also has integration with JobCost turned on.

Please note:  if the ‘Revenue Recognition Method’ is Job, Receivables will only have the Job field to pass through to Payables. Payables posting will fail unless the Estimate in the Payables entry is properly selected.

• The Country list that will be normalized when 'North American Address?' is selected has been expanded to include more countries.

A new option has been added to the Company Profile, System Options tab to work with ‘North American Address?’: ‘Normalize Country To’. The options are: Full name, 2 character ISO, 3 character ISO and Never. For Import or Edit for Customers or Contacts/Shipto, if the Country is recognized, variations on Country codes are standardized based on this setting.

Eg. For the Default setting: Full name, CA or CAN become Canada.

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