Accounts Receivable

01.

Invoices

Provides the ability to create invoices by customer, email and batch print, copy and re-assign to other users.

02.

Payments

Offers the ability to record payments to specific invoices by customer, report on aged receivables and view historic payment information.

03.

Bad Debt

Allows users to create a provision for bad debt and to write off bad debt.

How it Works

The FAST Accounts Receivable application is a fully functioning non tuition Accounts Receivable sub ledger. It features the ability to create invoices, age invoices, record payments and manage bad debt. It also allows for creating invoices for sponsored students and the sub ledger integrates with your ERP finance modules.

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Features

Accounts Receivable features include:

Customer statements and payment history

Payments by invoice

Deposit information

Partial payment reports

Invoices and payments by department or by customer

Daily outstanding invoice summary

Department aged reports

Aged trial balance by customer and departments

Rapid Deployment

100% web-based and platform independent. Accessible using current web browsers including Edge, Chrome and Safari.

No client software to install and maintain. Timely data is in the hands of people who need it, when they need it – and no printing required.

Remotely installed by Millennium, FAST can be installed and operational in a single day. It’s also easy to customize to fit the needs of your institution.

Installation, business rules, customizations, maintenance and support are all included in the purchase price and annual maintenance package.

Features Included With Every Module

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Access the data you need when you need it.

Sound too good to be true? It’s not. Millennium FAST software makes it possible. We’ve been improving Higher Education Administration functions for over 20 years. Use our delivered reports, or build your own with our flexible toolkit. You’ll be up and running in days, not weeks or months!

Contact us for a no obligation live demo today, and see for yourself!