The Receivables Settings section allows you to configure system-wide defaults and preferences for invoice management, payment terms, automatic reminders, and invoice branding, ensuring consistency across all invoicing activities. Properly configured receivables settings streamline invoice creation, enforce payment policies, automate collection processes, and maintain professional brand presentation on all customer-facing documents.
Exacc provides comprehensive configuration options including custom invoice numbering formats with prefixes and sequential counters, default payment terms that automatically apply to new invoices, automated payment reminder schedules that trigger at specified intervals after due dates, and invoice template customisation with company branding, logos, and payment instructions. These settings apply globally to all invoices whilst allowing per-invoice overrides when specific situations require different terms or formatting.
The configuration interface organises settings into logical sections for easy navigation, provides preview functionality to verify templates and formats before implementation, and maintains setting history for audit purposes. Changes to receivables settings affect new invoices created after the configuration update, whilst existing invoices retain their original settings to preserve financial record integrity and prevent confusion in ongoing transactions.
Want to learn the exact steps to configure receivables settings for optimal invoice management? Follow our guide below for a detailed walkthrough of the receivables configuration process.
Set up invoice defaults, payment terms, reminders, and branding for consistent receivables management
Your receivables settings are now configured - all new invoices will use your custom numbering, default payment terms, automated reminders, and professional branding for consistent and efficient invoice management.