indiana university fis non-student (external) accounts receivable system
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INDIANA UNIVERSITYFIS Non-student
(External)Accounts Receivable
System
NON-STUDENT FIS A/R
INTRODUCTION
• Current IU System Overview
• Kuali A/R Committee Progress
• Approved Enhancements
• Questions and Contact Information
NON-STUDENT FIS A/RIndiana University A/R Processing
• Decentralized system that allows departments to manage their own receivables
• Discourages cash handling at the department level – payments sent to lockbox which is processed centrally
• Accounting entries are automatically generated through Edocs which can be routed for approval or as an “FYI”
• Not used for student receivables or internal billings
NON-STUDENT FIS A/R
• Billing Org– Each department that bills external
customers:• Print and mail invoices• Monthly analysis of receivables• Responsible for collection of invoices• Responsible for write–off of uncollectible
invoices
NON-STUDENT FIS A/R
• Processing Org – covers many billing orgs– One for each lockbox using the AR system– Centralized location for receipts– Apply payments– Each processing org has a clearing account– Set up new billing orgs– Resolve problems– Reconcile clearing account– Central Administration Bloomington
approves Customers & new addresses
NON-STUDENT FIS A/R
• A/R Processing– Billing org generates & mails invoice– “Remit to” address with tear strip is
provided with invoice– Customer mails payment with strip to
lockbox.– Bank transmits funds to appropriate
clearing account sends paperwork to processing org
– Processing org applies funds to invoice or allocates to an account
NON-STUDENT FIS A/R
• A/R DOCUMENTS – Customer (CUS)—Billing or Proc Org– Invoice (INV)—Billing or Proc Org– Credit Memo (CRM)—Billing or Proc
Org– Cash Control (CTRL)—Proc Org– Application (APP)—Proc Org– Organization Options and Accounting
Defaults (OOPT & OADF) – Proc Org
NON-STUDENT FIS A/R
• Customer Document (CUS)– Create new customer (Billing or Proc Org)– Add new address (Billing or Proc Org)– Modify an existing customer (Proc Org only)– Change an address (Proc Org only)
Routes for approval thru central administrationStandard rules for customer names
NON-STUDENT FIS A/R
• Customer Document (CUS)
NON-STUDENT FIS A/R
• Customer History Inquiry
NON-STUDENT FIS A/R
• Invoice (INV)– Department can use multiple accounts
and income object codes on one invoice– Receivable is recorded on one object code– Discount feature available for each line of
invoice– Error Correction option reverses entire
invoice– Template feature allows use of existing
invoice to create new invoice
NON-STUDENT FIS A/R
• Invoice Document
NON-STUDENT FIS A/R
• Credit Memo (CRM)
– Used for both write-offs and issuing credit – differentiated by object code
– Restricted to a single account and object code
NON-STUDENT FIS A/R
• Credit Memo Document
NON-STUDENT FIS A/R
• Cash Control Document (CTRL)– Auto-generated by bank if check matched to
invoice– Links deposit of funds in lockbox to App doc– Routes to proper processing org– CTRL Does not create any general ledger
entries– Works with various payment types:
• Cash Wire• Credit CardCheck
NON-STUDENT FIS A/R
• Cash Control Document
NON-STUDENT FIS A/R
• Reference Document– Creates general ledger entry for total amount
of Cash Control Document• Debits cash and credits unapplied cash on the A/R Clearing account
– Type of document created is driven by the medium type
• Check = CR, Credit Card = GEC, Wire = DI, Cash = No ref doc created
• Application Document (APP)– Applies funds to invoices
• Debits unapplied cash and credits cash on the A/R Clearing account• Debits cash and credits A/R on the billing org’s account
– Applies credit memos to invoices– Designates funds as non-A/R
NON-STUDENT FIS A/R
• Application Document
NON-STUDENT FIS A/R
• “Quick Apply” Screen
NON-STUDENT FIS A/R
• “Apply Detail” Screens
NON-STUDENT FIS A/R
• Organization Options and Accounting Defaults– Used to initially set up a billing
organization– Connects billing organization with
processing organization– Used to set up invoice defaults for a
billing organization
NON-STUDENT FIS A/R
• Organization Options and Accounting Defaults Screens
NON-STUDENT FIS A/R
• A/R Functions– On-screen Aged Customer Listing– Customer Search– Lockbox Processing– Create Invoice Item Codes– Print Invoices in Batch
NON-STUDENT FIS A/R
• A/R Functions Screen
NON-STUDENT FIS A/R
Kuali A/R Sub-Committee
• All Kuali Partner Schools Represented
• Regular Meetings over the Past Year
• Functional Specification Documents Prepared
• Part of Kuali Phase II B
NON-STUDENT FIS A/R
Approved Enhancements
• Ability to Upload Data from Various File Types
• Add Flexibility to the Body of the Invoice
• Run A/R Aging Reports for a Specific Date
• Include Open Credit Memos on Customer Billing Statement
Contact Information• Anna Jensen, Indiana University
anjensen@indiana.edu
• Kathy Cochard, Indiana University kjcochar@indiana.edu
• Mark Barton, University of Arizona bartonm@arizona.edu
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