Interfacing Requirements Features and Functions

• Receive invoices and debit or credit memo transactions from the invoicing system


• Automatically prepare general ledger journal entries by business unit, for cash receipts


• Automatically prepare general ledger journal entries by sales, inventory, and cost of goods sold activity that occurs in the invoicing system


• Automatically prepare general ledger journal entries by all discounts and deductions recognized through the cash receipts process


• Automatically prepare general ledger journal entries by allowance for un-collectible accounts


• Automatically prepare general ledger journal entries by write-offs


• Automatically prepare general ledger journal entries by inter-company accounts receivable and sales


• Automatically prepare general ledger journal entries by customer deposits


• Automatically prepare general ledger journal entries by currency gains and losses due to foreign currency invoices


• Produce detailed general ledger journals, one for every accounts receivable transaction


• Create a single journal that summarizes activity by invoices


• Create a single journal that summarizes activity by cash receipts--auto cash transaction type


• Create a single journal that summarizes activity by adjustments


• Create a single journal that summarizes activity by freight transaction type


• Create a single journal that summarizes activity by taxes--Vertex Quantum tax program transaction type


• Create a single journal that summarizes activity by specific invoice line items


• Accepts automated clearing house transactions (EFT) from the invoicing system sent to specific customers in lieu of invoices