Prepayment Entry Enhancements in Levridge R3

By Levridge staff | Updated: Dec 22, 2023 | News , Product Updates , Release Notes | read

Table of Contents

  1. 1. Review and Preview:
  2. 2. Prepayment Journal Insights:
  3. 3. Improved Data Entry:
  4. 4. Modification Flexibility:
  5. 5. Comprehensive Reporting:

Our latest software update introduces a suite of features aimed at smoothing the customer prepayment process. From reviewing and previewing prepayments to improved data entry and comprehensive reporting, these enhancements empower your business to navigate financial complexities effortlessly.

1. Review and Preview:

Our updated system allows you to review customer prepayments both before and after posting. This gives you the flexibility to catch any discrepancies and ensures that your financial records are accurate.

This can be used by selecting a saved prepayment before posting.

2. Prepayment Journal Insights:

Now, you can view prepayment distributions on the prepayment journal before posting. This feature empowers you to make informed decisions by providing a clear picture of how prepayments are distributed across various transactions.

This window is for viewing prepayment distributions before it is posted.

3. Improved Data Entry:

Entering prepayments has never been easier. With the ability to input prepayments with a specified quantity and prepayment price, our system automatically generates the amount for that line. This functionality simplifies the process without locking prepayments to specific quantities, offering flexibility in your financial management.

4. Modification Flexibility:

Need to make changes to prepayment distributions? No problem. Our system allows you to pull up previously entered prepayments before posting and make necessary modifications. This ensures that you have complete control over your financial data and can adapt to evolving business needs.

This can be used for the effective/expiration date and the quantity on the prepayment.

5. Comprehensive Reporting:

Stay on top of your prepayment landscape with our detailed prepayment reports. The system enables you to print a comprehensive prepayment report showing all prepayments and remaining values across all customers. This feature provides a holistic view of your financial commitments and facilitates strategic decision-making.

Standard window view of the prepayment journal report.

Window tab of the prepay report option.

In conclusion, our enhanced prepayment management system is designed to make your financial processes more transparent, efficient, and adaptable to your business needs. Embrace the future of financial management with these powerful tools at your fingertips.