Configuring AR Receivable Types

AR Receivable Types categorize and group invoices for reporting (for example by branch or region) and control which GL accounts receive AR postings.

Before you start

• Know how you want receivables grouped for reporting.
• Have AR asset, retainage, discount, and write-off accounts ready as applicable.

Steps

1. Open AR Receivable Types.
2. Create a receivable type for each category you need (branch, region, and so on).
3. Assign an accounts receivable asset account to each type.
4. Optionally assign a revenue account for miscellaneous receivable types.
5. Assign a retainage GL account if retainage will be entered with that type.
6. Optionally assign discount and write-off accounts.

Notes

• Wrong account assignments misstate AR and related balances—confirm with accounting before go-live.
• Use clear names so users can pick the right type on customers and invoices.