I am a new on manager software. Please give me a guide on account receivable
Guides are available on the Manager.IO website, and just so you know, I believe forum rules, are to look in the guides and past posts for general information.
That being said, here is a summary:
An account receivable is called a ‘Customer’.
Go to ‘Customize’ and turn on ‘Customers’, ‘Sales Invoices’, and any other function you need for recording transactions with you customers.
Control accounts for customers appear on the ‘Summary’ page and balance sheet. You do not have to create a control account, Manager.IO has a default control account, which appears as ‘Accounts Receivable’ (I think), on reports. If you want groupings of accounts to be summed separately on reports, create a ‘Customers’ control account for each group (for example, “Commercial Customers”, “Residential Customers”), and assign customers to the desired control account, when you create them.
Individual ‘Customers’ (accounts receivable) are created under the ‘Customers’ tab and assigned to whichever control account you want.
Sales invoices are issued, assigned to a given customer, that creates ‘receivable’, when the customer pays you, it is recorded as a ‘Receipt’, ‘payer’ is the customer, and account is the customer’s account and sales invoice; you can choose not to select and invoice, and Manager.IO will auto-choose the invoice.
Hope that helps.
Also, if you want your own name for accounts receivable, you do not have to create a control account, you can go to chart of accounts and rename the default account.