{"id":1062,"date":"2017-02-24T16:52:33","date_gmt":"2017-02-24T16:52:33","guid":{"rendered":"https:\/\/www.aiminsight.com\/?p=1062"},"modified":"2021-02-17T12:45:58","modified_gmt":"2021-02-17T20:45:58","slug":"inaccurate-receivables","status":"publish","type":"post","link":"https:\/\/www.aiminsight.com\/blog\/uncategorized\/inaccurate-receivables\/","title":{"rendered":"Inaccurate Receivables"},"content":{"rendered":"<ul>\n<li>Your process of entering in a sales document with a payment schedule is manual.<\/li>\n<li>You currently have to enter a sales invoice with a payment schedule as multiple invoices.<\/li>\n<li>There are errors made in entering these multiple invoices, causing receivables to be inaccurate. Your AR aging is inaccurate.<\/li>\n<li>You have a manual process of entering in revenue deferral transactions or using recurring entry transactions.<\/li>\n<li>Transactions are missed, not recognizing revenue when they should.<\/li>\n<li>You have transactions in which the receivable is recorded in one month but the revenue is recognized in a different month or months.<\/li>\n<li>Monthly journal entries do not recognize revenue and expense.<\/li>\n<li>Subsequent journal entries are done to correctly recognize revenue and expense.<\/li>\n<li>You have to manually create a debit memo in Receivables Management, create a vendor record in Payables Management, enter a debit memo in payables, and create a payment on the debit memo.<\/li>\n<li>You are wasting time.<\/li>\n<li>You are missing transactions.<\/li>\n<li>You could potentially issue the debit in Receivables Management but forget to create the applicable transactions in Payables Management, and therefore the customer does not receive the refund.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Your process of entering in a sales document with a payment schedule is manual. You currently have to enter a sales invoice with a payment schedule as multiple invoices. There are errors made in entering these multiple invoices,&#8230; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1062","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/comments?post=1062"}],"version-history":[{"count":2,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1062\/revisions"}],"predecessor-version":[{"id":1741,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1062\/revisions\/1741"}],"wp:attachment":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/media?parent=1062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/categories?post=1062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/tags?post=1062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}