Account Receivable Administration

A Receivables Administrator maintains a healthy cash flow for the company by ensuring that customers make timely payments. This is achieved through accurate and efficient invoicing, effective customer relationship management, and various receivables activities, including collecting of cash to ensure incoming payments received as scheduled, cash applications, involving the accurate posting of customer payments, managing disputes related to invoicing or payment discrepancies.

A Receivable Admin Develops and enhance business partnerships between the receivables team and key stakeholders, for example the General Ledger department, the controller, and the CFO.

Note: To view the data in this workspace:
  • The Default Text Groups fields must be set to Default on the Defaults tab in the User Data (ttaad2500m000) session for the logged in user.
  • The data must be added for each row in the Transaction Entry Defaults (tfgld0131m000) session for the logged-in user.
    • The Transaction Category field must be set to Sales Corrections, the Transaction Subcategory field must be set to Assign Credit Note and the Use for Direct Transaction Entry check box must be selected.
    • The Transaction Category field is set to Cash, Transaction Subcategory field is set to Assign Advance/Unallocated Receipt and the Use for Direct Transaction Entry check box must be selected.
    • The Transaction Category field is set to Sales Corrections, Transaction Subcategory field is set to Doubtful Invoice and the Use for Direct Transaction Entry check box must be selected.

The Account Receivable Administration can use these widgets to view the required data:

  • Receivable Aging Analysis
  • Unposted Remittances
  • On Hold Billable Lines
  • On Your Radar
  • Required Actions
  • Important Links
  • Invoice Reminders
  • Customer Insights