Invoicing and Accounts Receivable
  • 30 Jul 2021
  • PDF

Invoicing and Accounts Receivable

  • PDF

The area of invoicing and accounts receivable deals with invoicing of clients and receiving and tracking of payments. The basic workflow for accounts receivables is shown in the following diagram.

As users complete work tickets, Aspire tracks costs expended for the services performed for each job. Based on this information and the invoice type the user assigns to each job or service, the Aspire Invoicing Assistant aids them by recommending invoices that should be sent to customers throughout each month. When they create invoices, they are placed together in batches based on the selection of invoices that they create and process together. When they receive payments from the customers, they record receipt of those payments in Aspire. Payments can then be selected and recorded together as deposits to the bank. Aspire also supports the creation and sending of monthly statements to the customers that summarize the payable status of the overall account.