Introduction
Your business doesn’t run on profits alone — it runs on timely collections and smart payments. Poor management of receivables and payables leads to cash flow problems, missed opportunities, and even damaged relationships.
With Smart Books, you can professionally manage both sides of your money flow — what you’re owed and what you owe — all from one smart system.
What Are Receivables & Payables?
- Accounts Receivable (AR): Money your customers owe you
- Accounts Payable (AP): Money you owe to suppliers or vendors
Properly managing both helps you:
- Stay liquid
- Build strong relationships
- Avoid interest, penalties, or revenue gaps
How Smart Books Simplifies AR & AP
🔹 For Receivables:
- Generate and send invoices instantly
- Accept advance, partial, and multi-mode payments
- Record invoice-to-invoice collections
- Track post-dated cheques and pending amounts
- Monitor full client payment history
🔸 For Payables:
- Record payments to vendors (with or without discounts)
- Pay via cash, cheque, or bank transfer
- Handle partial payments and save payment methods
- Track vendor balances and due dates
Real-Time Reporting Features
Smart Books gives you detailed reports to manage receivables & payables:
- Client Ledger & Receivable Summary
- Supplier Ledger & Summary Report
- Payment Vouchers & Cheque Lists
- Cash/Bank Payment History
- Overdue Payment Alerts
With these insights, you always know:
- Who owes you money
- Who needs to be paid
- What payments are due — and when
Use Case: Medium-Size Service Business
Imagine you offer consulting services and work with several vendors for tools and marketing.
With Smart Books, you can:
- Automatically send client invoices and track each payment
- Pay your vendors on time (and even apply early payment discounts)
- Review ledgers and summaries monthly for audit-ready financials
This keeps your cash flow clean, clients happy, and vendors loyal.
Why This Matters
- ✔️ Avoid overdue payments and penalties
- ✔️ Improve client collection cycles
- ✔️ Save time with auto-recorded receipts & payments
- ✔️ Make informed decisions based on current balances
Final Thought
Receivables and payables aren’t just accounting entries — they are the heartbeat of your cash flow. With Smart Books, you manage both with professional precision, ensuring your business runs smoothly and profitably.
Manage your money in — and out — like a pro. Start using Smart Books today.