Receipt and payment papers in Afaky integrated accounting system ERP

What is meant by notes of arrest and payment?
It is a set of means in which some actual conditions are met that give it commercial character and the power of exchange so that its financial value can be obtained in cash by deducting it from the bank.

Where, through the integrated accounting ERP system, it is possible to record checks through receipt and payment papers
So that the paper of arrest or payment is recorded and the type of the owner of the paper is determined whether it is a professor's account, a customer or a supplier
And then record the paper data from the bank of the paper, its number, value and due date
Here comes the role of alerts that characterize Afaky’s integrated accounting system (ERP), so that an alert is activated at the level of receivable papers and payment papers before or after collection by a certain number of days. or pay

Afaky Integrated Accounting ERP system supports multiple paper cases so that the user can add the paper status “collected – partial – apostate – replaced” and more, depending on the nature of the user’s work

What are the advantages of notes and payables:

1. It is considered as a means to prove the debt in the event of judicial disputes
2. It expands the scope of business life through its flexibility in the payment of obligations
3. Its value can be obtained in cash before the due date by discounting the commercial paper
   And the daily restrictions resulting from the receivables in the ERP Afaky Integrated Accounting System
   From the accounts receivable account to the customer's account
   In the event that the check is a clearing account
   From the checks under collection account to the notes receivable account
   From a bank account to a check under collection account
   In the event of collecting a bank commission
   From the bank account + bank commission
   To a check under collection account