Portfolio Management: Receivables Management

The LeaseWave® lease management suite is, perhaps, the only lease accounting software that maintains every receivable with its own individual balance, as opposed to grouping related charges (such as lease payments) into one bucket with an amalgamated balance. Every specific receivable in the LeaseWave® lease accounting software system (every lease payment, for example) has its own debit and credit entry. The system, for example, not only tracks the overall lease balance on a lease, but also the individual balances of each lease payment, a first in the lease management software industry. This method means that any number of partial payments can be posted towards each payment that is due. In this way, the LeaseWave® leasing system ensures that the maximum amount payable towards an outstanding charge is, in fact, the amount due. Until the outstanding charge is completely paid, any number of partial payments can be posted towards it. As a result of this meticulous approach to receivables management, the receivables management module is as foolproof as it is dynamic, eliminating the traditional need to "reconcile the books" -- a common problem with lease accounting software programs that use running balances.

  • Account for every transaction on an invoice- by-invoice basis
  • Manage receivables by relevant sub-accounts: lease payments, sundry, property tax, delinquency charges, float rate payments, etc.
  • Automatically maintain individual debit and credit entries on each charge, thereby creating a meticulous audit trail of each transaction, a first in the lease management software industry
  • View detailed break down of every sub-account on an invoice (or charge-by-charge) level
  • Instantly assess how a payment received has affected outstanding invoices for a lease
  • Post any payment received, including partial amounts, towards any outstanding invoice
  • Reverse any payment received, including partial amounts, from any outstanding invoice
  • Never be out of sync with GL books thanks to invoice-level lease accounting
  • Classify receivables dynamically using user-defined time periods for cash flow analysis
  • Age past due balances dynamically using user-defined time periods