Accounts receivable

Overview

Accounts receivable refers to the money owed to a company by its clients for products or services that have been delivered, but not paid for yet.

Some of the document types used in accounts receivable are:

• Invoice - a request for payment that lists the products or services that were delivered, and the amount due.
• Quote - a formal offer that details how much the products or services will cost, before the client commits to a purchase.
• Credit note - reduces the amount due on an invoice.

With Monite API, partners can automate the accounts receivable processes for SMEs so that they can:

• Generate branded invoices, quotes, and credit notes.
• Send the documents via email, or generate a PDF.
• Have payment reminders sent automatically to the SME's customers.
• Track the document status (for example, issued, paid, or expired).

Learn more

Invoicing

• Invoice lifecycle
• Create and send invoices
• Payment terms
• Invoice payment reminders
• Recurring invoices

Quotes

• Quote lifecycle
• Create and send quotes

Miscellaneous

• Manage counterparts
• Manage products
• VAT rates
• PDF templates
• Accounting export